With each additional unit consumed, ______ decreases.
a. marginal utility
b. consumer equilibrium
c. product substitution
d. total utility
a. marginal utility
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Danny Sever is a U.S. soldier. He produces a(n)
a. entitlement b. private good c. public good d. transfer payment e. merit good
Suppose United States net exports are -$50 billion. Then the dollar depreciates. In the short run, the United States may move downward along the J-curve, with net exports _________ and the AD curve shifting to the _______________
A) coming closer to zero; left B) coming closer to zero; right C) moving further from zero; left D) moving further from zero; right
While waiting in line to buy two tacos at 80 cents each and a medium drink for 90 cents, Jordan notices that the restaurant has a value meal containing three tacos and a medium drink all for $3. For Jordan, the marginal cost of the third taco would be...
What will be an ideal response?
Based on the graph showing the crowding-out effect, how does the crowding-out effect influence the fiscal policy effect?
a. It decreases it by the difference between AD2 and AD3.
b. It increases it by the difference between AD1 and AD3.
c. It completely negates the fiscal policy effect.
d. It doubles the fiscal policy effect.