Utility analysis helps economists understand
A. how to eliminate opportunity costs.
B. how to eliminate scarcity.
C. how people make decisions about what they buy and how much.
D. none of these.
Answer: C
You might also like to view...
The debt-to-GDP ratio decreases when the primary deficit ________ or when seigniorage ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
List the different factors that cause a demand curve to shift
Critics of advertising argue that advertising by its very nature imposes a cost on society. Explain what these costs are
What will be an ideal response?
Interest rates spreads between corporate and government bonds ________
A) are procyclical B) have the same characteristics as the government interest rate spreads C) are countercyclical D) all of the above E) none of the above