_____ is the lack of satisfaction yielded after consuming too much of the same product
a. Ordinal utility
b. Disutility
c. Total utility
d. Marginal utility
e. Cardinal utility
b
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Answer the following statements true (T) or false (F)
1. The quantity supplied is inversely related to price. 2. If demand and supply increase by the same amount, equilibrium price will rise. 3. If supply increases more than demand, equilibrium price will fall. 4. A change in demand occurs whenever consumers will purchase more because of a decrease in price. 5. An increase in demand tends to increase both the equilibrium price and the amount of a commodity exchanged.
An increase in fiscal deficit spending financed by borrowing will increase the national debt
a. True b. False Indicate whether the statement is true or false
a. reduce government-mandated wages, which would allow it to reduce government spending.
a. South Africa b. Spain c. India d. Greece
An example of targeted government spending is its spending on
a. education b. police protection c. national defense d. space exploration e. welfare