The law of diminishing marginal utility explains why an individual's demand curve is elastic

a. True
b. False


B

Economics

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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.

Economics

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."

Economics

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.

Economics

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.

Economics