If you consume a product up to the point that your marginal utility becomes negative, your total utility will be _____.
Fill in the blank(s) with the appropriate word(s).
falling
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An increase in first-period income results in
A) an increase in first-period consumption, an increase in second-period consumption, and an increase in saving. B) an increase in first-period consumption, a decrease in second-period consumption, and an increase in saving. C) a decrease in first-period consumption, an increase in second-period consumption, and an increase in saving. D) an increase in first-period consumption, an increase in second-period consumption, and a decrease in saving.
The taxes used to pay for Social Security and Medicare are:
A. income taxes. B. sales taxes. C. corporate income taxes. D. payroll taxes.
As capital deepening occurs, there will be increased real wages and economic growth.
Answer the following statement true (T) or false (F)
A potential benefit that comes from social regulations would be
A) higher costs. B) a cleaner environment. C) higher tax collections. D) more layoffs.