Marginal utility is
a. the difference in price between one store and another.
b. the difference in value between "some" of a thing and "none" of a thing.
c. the difference between any two successive total utility figures.
d. acquired only with the first few units of a good or service.
e. utility that is barely satisfactory.
c
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Which of the following is considered a financial intermediary?
a. The Federal Reserve b. A bankruptcy court c. The U.S. Department of Commerce d. A credit union e. A foreign exchange
If the Federal Reserve buys $1,000 in bonds and the reserve requirement ratio is 0.5, what happens to the money supply and the net worth of all banks?
a. The money supply decreases by $2,000 and net worth increases by $1,000. b. The money supply increases by $500 and net worth increases by $500. c. The money supply increases by $2,000 and net worth does not change. d. The money supply increases by $500 and net worth does not change. e. The money supply increases by $2,000 and net worth increases by $2,000.
Traditional economic models highlight social dimensions of economic problems.
Answer the following statement true (T) or false (F)
Network externalities:
A. may be direct. B. may be indirect. C. may be positive. D. All of the statements associated with this question are correct.