Marginal utility can fall even as total utility from the consumption of a good is rising
a. True
b. False
Indicate whether the statement is true or false
True
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M2 consists of
A) M1 plus currency at the banks. B) M1 plus Federal Reserve notes. C) M1 plus checkable deposits. D) M1 plus saving deposits, small time deposits, and money market funds. E) M1 plus traveler's checks.
The decline in the percentage of the federal government's budget devoted to national defense is evidence of the lack of new demand for U.S. military activity
a. True b. False
A strategy game is
a. any pricing competition among firms b. a situation arising from independent decision making among economic participants c. interpendent choice behavior by individuals or groups who share a common goal d. none of the above
"It is only insofar as some sort of order arises as a result of individual action but without being designed by any individual that a problem is raised which demands a theoretical explanation.". This statement is from:
a. Samuelson b. Friedman c. Stiglitz d. Hayek e. Marx