Refer to the graph shown. Between points B and D, marginal utility is:
A. positive, and so total utility is increasing.
B. increasing, and so total utility is falling.
C. positive, and so total utility is falling.
D. increasing, and so total utility is at its maximum.
Answer: A
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If the desired reserve/deposit ratio is 0.25 and the banking system receives an additional $10 million in reserves, bank deposits will increase by:
A. $40 million. B. $10 million. C. $4 million. D. $250 million.
During the past century the average growth rate of U.S. real GDP per person implies that it doubled, on average, about every
a. 100 years. b. 70 years. c. 35 years. d. 25 years.
One major difference between PPOs (preferred providers organizations) and HMOs (health maintenance organizations) is that:
A. PPOs set rates for various medical services or procedures, while HMOs allow their doctors and clinics to set their own rates B. PPOs seek to reduce health care costs by controlling prices, while HMOs seek to reduce costs by restricting quantity consumed C. HMOs employ their own physicians or contract for specialized services with outside providers, while PPOs have arrangements with a network of providers D. HMOs seek to reduce costs by capping the rates for various services, while PPOs seek to ration health care by having waiting periods
There is no rational explanation how government can fund anti-smoking campaigns and tobacco subsidies simultaneously
a. True b. False