In their 1994 book, The Bell Curve, Murray and Herrnstein presented evidence that IQ is an important determinant of economic success.
Answer the following statement true (T) or false (F)
True
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If finding the last stamp to complete your collection makes you happier than finding the first, then:
a. marginal utility is zero. b. marginal utility is negative. c. total utility is decreasing. d. total utility is constant. e. marginal utility is not diminishing.
For an efficient outcome, MR must exceed MC
a. True b. False Indicate whether the statement is true or false
Mao Tse-tung was responsible for
A. both the Great Leap Forward and the Cultural Revolution. B. neither the Great Leap Forward nor the Cultural Revolution. C. the Great Leap Forward, but not the Cultural Revolution. D. the Cultural Revolution, but not the Great Leap Forward.
One In the News article titled, "News Release: Disposable Income and Outlays: February 2017" says that personal income increased $44 billion, or 0.31 percent, in February 2017, and consumers are likely to spend more if
A. Interest rates increase. B. Taxes increase. C. Saving increases. D. Income increases.