Refer to the diagram. The total utility yielded by 4 units of X is:
A. 4.
B. 15.
C. 17.
D. 18.
C. 17.
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Positive economic statements
A) prescribe what should be. B) are related only to microeconomics. C) can be tested against the facts. D) cannot be tested against the facts.
YearCPI2010952011100201210520131042014106According to the table shown, what can be said about the cost of living in 2012?
A. Every consumer will experience a 5 % increase in his cost of living from 2011. B. The typical consumer must spend 5 % more in 2012 than he did in 2011 in order to buy the same goods. C. Whatever consumers bought in 2012 cost 5% more than what they spent in 2011. D. None of these statements is true.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.
An index based on the 500 largest firms traded in the three biggest stock markets is the
A. NASDAQ. B. Standard and Poor's 500 index. C. Blue Chip index. D. Dow Jones Industrial Average.