The law of diminishing marginal utility explains why an individual's demand curve is elastic
a. True
b. False
B
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Compared to the United States, health care spending per person in other high-income countries has been
A) declining at approximately the same rate. B) growing at a slower rate. C) growing at a faster rate. D) growing at approximately the same rate.
During the Global Economic Crisis, low unemployment rate in Germany is attributed to the policy of
A) "work-sharing." B) "money creation." C) "99-ers." D) "money powering."
You have paid all expenses to travel to your favorite beach for a vacation. You made these payments early in order to receive a discount and all payments are nonrefundable. Unfortunately, a hurricane is likely to crash into the coast during your vacation dates. What should not be considered as you make a decision to take your trip or not?
A. The money that has already been spent on the trip B. The satisfaction you are likely to receive at the beach during a hurricane C. The best alternative use of your time if you do not take the trip D. The additional costs you didn’t anticipate while on the trip.
An example of a capital resource is: a. stock in a computer software company
b. a bond issued by a company selling electric generators. c. a dump truck. d. an employee of a moving company.