The additional utility that George receives from consuming one more slice of pizza is called
A) diminishing utility. B) total utility.
C) average utility. D) marginal utility.
D
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To help pull an economy out of a recession and put additional income in the hands of the public, a government can force its expenditures to ________ its revenues and create a ________
A) reduce; deficit B) exceed; special taxes C) stimulate; depression D) exceed; deficit
In the United States in 2013, the Bureau of Economic Analysis began counting spending on research and development as ________, which counts as a part of GDP
A) intermediate goods B) investment C) consumption D) depreciation
Without trade, the consumption possibilities for two nations are:
A. outside their production possibilities curve. B. inside their production possibilities curve. C. along their production possibilities curve. D. at a point equal to the world production possibilities curve.
Income inequality tends to be greatest in
A. Poorest countries. B. Richest countries. C. Middle-income countries. D. None of the choices are correct.