Marginal utility:
a. generally increases as more of a good is acquired
b. generally remains constant as more of a good is acquired.
c. generally decreases as more of a good is acquired.
d. begins to fall when total utility reaches its highest point.
c
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When an immigrant sends a remittance from his host country to his family in his home country, the benefits of immigration to the:
A. Home and host country are increased B. Home and host country are decreased C. Host country are increased, but decreased to the home country D. Host country are decreased, but increased to the home country
Compared to the magnitude of the multiplier in an economy without imports, the multiplier in an identical economy with imports is
A) larger only if exports exceed imports. B) smaller only if imports exceed exports. C) always larger. D) exactly the same. E) always smaller.
The 9/11 terrorists chose their plan of attack because Select one:
a. Their actions were unaffected by economic incentives. b. It promised to produce the highest net benefits. c. They were greedy and selfish. d. The Pope and President Bush approved.
Globalization is the exchange of ________________ among countries.
A. goods, services, ideas, and people B. money and other financial assets C. communications D. workers and jobs