If marginal utility is rising, then total utility must be falling.
Answer the following statement true (T) or false (F)
False
As long as marginal utility is positive, total utility must be increasing from consuming a good.
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Which of the following statements about the FDIC is correct?
I. The deposit insurance premiums charged by the FDIC to a member bank fully reflect the riskiness of that bank's assets II. The manner in which the FDIC is set up helps protect depository institutions from the rigors of true market competition A) I only B) II only C) Both I and II D) Neither I nor II
What is the difference between government deficit and government debt?
Economic profits are calculated as:
A. total revenue minus implicit costs. B. total revenue minus all opportunity costs, explicit and implicit. C. total revenue minus explicit costs. D. None of these is true.
A Big Mac costs $4.56 in the United States and 9.2 zlotys in Poland. If the exchange rate is 3 zlotys per dollar, purchasing power parity predicts that
a) the zloty is overvalued b) the dollar is undervalued c) the dollar is overvalued d) both the zloty and dollar are undervalued