The amount by which an additional unit of an activity increases total benefit is:
a. net benefit
b. marginal benefit
c. marginal cost
d. utility
b. marginal benefit
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The number of people employed in a country increased. Everything else remaining unchanged, this will lead to a ________
A) fall in the country's GDP B) fall in the country's consumer price index C) fall in the country's GNP D) fall in the country's income per worker
Most payments in the United States for goods and services are made using
A) currency. B) traveler's checks. C) checking account deposits. D) gold.
Which of the following is not a characteristic of capitalism?
a. Private ownership of resources. b. Decentralized decision-making using markets. c. Representative democracy. d. Consumer sovereignty.
Which is more likely to stimulate aggregate demand in a timely manner?
What will be an ideal response?