The negative relationship between the quantity demanded of a commodity and its price can be explained by the principle of
A. increasing total utility.
B. contingent valuation.
C. diminishing marginal utility.
D. indifference analysis.
Answer: C
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Approximately what percentage of the World Bank's loans go to developing nations in the East Asia/Pacific and South Asia regions combined?
A) 10% B) 40% C) 100% D) 70%
Refer to Table 5.4. If outcomes 1 and 2 are equally likely at Job A, then the standard deviation of payoffs at Job A is
A) $1. B) $10. C) $40. D) $50. E) $60.
Which of the following will result in a decrease in a consumer's purchasing power?
A) A decrease in the consumer's income B) An increase in the price of the good on the vertical axis C) An increase in the price of the good on the horizontal axis D) all of the above
A central bank's balance sheet would categorize each of the following as liabilities, except:
A. accounts of the commercial banks. B. currency. C. the government's account. D. loans.