The table above shows Mary's utility from chips and soda. Mary receives ________ units of utility from the third chip
A) 30
B) 20
C) 55
D) 40
B
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According to the materials balance model
a. recycling permanently eliminates residuals b. only production can damage the environment c. residuals arise from both consumption and production d. only households undertake recycling and reuse
According to Say's law,
A) desired expenditures cannot be compared with actual expenditures. B) desired expenditures are always less than actual expenditures. C) desired expenditures are always equal to actual expenditures. D) desired expenditures are always more than actual expenditures.
Forward contracts are of limited usefulness to financial institutions because
A) of default risk. B) it is impossible to hedge risk. C) they are relatively inflexible. D) of interest-rate risk.
Which of the following is not one of the ways in which the United States finances a trade deficit?
A. Selling U.S. products to foreigners B. Selling U.S. land and factories to foreigners C. Selling U.S. stocks and bonds to foreigners D. Selling U.S. assets to foreigners