Negative marginal utility implies that:
a. ?the price of a good increases as additional units are consumed.
b. ?total utility is negative.
c. ?total utility decreases as additional units of a good are consumed.
d. ?the total revenue spent by a consumer on a good decreases as more of the good is purchased.
e. ?marginal utility increases as additional units of a good are consumed.
Answer: c. ?total utility decreases as additional units of a good are consumed.
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The Fed can reduce the money supply by reducing
A) the currency—deposit ratio. B) the monetary base. C) reserve requirements. D) the discount rate.
Refer to the information provided in Figure 16.3 below to answer the question(s) that follow. 
Figure 16.3Refer to Figure 16.3. If the firm maximizes profits and the government ________, it will produce 20 units of output.
A. establishes a price ceiling of $8 B. does not require it to take damages into account C. requires it to take damages into account D. establishes a price floor of $6
What area in the above figure is the consumer surplus at the efficient quantity?
A) A B) A + B + C C) F D) D + E + F
According to the interest parity condition, if the domestic interest rate is 10 percent and the foreign interest rate is 12 percent, then the expected ________ of the foreign currency must be ________ percent
A) appreciation; 4 B) appreciation; 2 C) depreciation; 2 D) depreciation; 4