The paradox of thrift suggests that
A. "a penny saved is a penny earned."
B. as consumption increases, saving decreases.
C. the less you pay, the lower the satisfaction.
D. attempts to save more may actually reduce total saving.
D. attempts to save more may actually reduce total saving.
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The law of diminishing marginal returns states that as the quantity of capital per worker increases, other things constant, output per worker eventually: a. increases at a constant rate
b. increases at a decreasing rate. c. increases at an increasing rate. d. decreases. e. remains constant.
Markets work well for allocating ____________ efficiently, but not always so well for allocating ______________________.
A. private goods; public goods B. public goods; private goods C. common resources; public goods D. public goods; common resources
After a loan is made, the:
a. M2 money supply rises until the loan is repaid. b. M2 money supply rises until the loan is spent. c. M2 money supply rises until the loan is cleared. d. M2 money supply does not change until the loan is spent. e. M2 money supply does not change until the loan is cleared.
Low voter turnouts that appear to be a result of voter apathy may instead be a result of
A) government intervention. B) special interest group activity. C) cost-benefit calculations. D) a and b E) a, b, and c