When the total utility from consuming one good is maximized, marginal utility is
A. zero.
B. minimized.
C. positive.
D. maximized.
Answer: A
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In developing countries, economists have found ________ correlation between a person's height and the wages he can earn in the farming sector
A) no B) an inverse C) a weak D) a strong
The slope of the budget line, faced by an investor deciding what percentage of her portfolio to place in a risky asset, increases when the
A) standard deviation of the portfolio gets smaller. B) standard deviation of the risky asset gets larger. C) rate of return on the risk-free asset gets larger. D) rate of return on the risky asset gets larger. E) rate of return on money gets larger.
The nominal exchange rate is 32 Russian rubles per dollar. The price of a bushel of wheat is 260 rubles in Russia and $7 in the U.S. A. What is the real exchange rate? Show your work. B. Can arbitragers make a profit? C. If your answer to B is yes, where would arbitragers buy and where would they sell
Why is the government budget constraint different between the short run and the long run?
What will be an ideal response?