If total utility is falling, marginal utility is
a. positive
b. negative
c. positive, but declining
d. either positive or negative
e. zero
B
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The major categories of expenditures in the economy are:
A) consumption, gross investment, and government purchases. B) consumption, net investment, and net exports. C) consumption, fixed investment, government purchases, and net imports. D) consumption, gross investment, government purchases, and net exports.
The movie "Return of the Jedi" earned $264 million in 1983 when it was released. The CPI in 1983 was 97.8 and the CPI in 2012 was 226.665. Approximately how much did the movie earn in 2012 dollars?
A) $590 million B) $612 million C) $2.12 million D) $123 million E) $150 million
A country is likely to be better off in the long run if it pursues self-sufficiency
Indicate whether the statement is true or false
Which of the following is NOT an advantage of a partnership?
A. Profits are subject to only personal taxation. B. permits more effective specialization in occupations C. limited liability D. easy to form