________: marginal utility declines as more of a good or service is consumed during a specified period of time
Fill in the blank(s) with correct word
Law of Diminishing Marginal Utility
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A cut in the payroll tax will tend to cause, other things the same, ________
A) a change in aggregate demand, with no effect on supply B) a change in both aggregate demand and supply C) a change in aggregate supply, with no effect on demand D) no change in either aggregate demand or supply
The World Bank uses two thresholds for assessing global poverty: either $1 or $2 per day, based on 1985 prices
Indicate whether the statement is true or false
A decrease in the price of peanuts will cause a leftward shift of the supply curve of peanut butter
a. True b. False
Which of the following is an example of government spending?
a. A state government investing in electric vehicles for its employees b. A state government importing twice as much oil this year than it did the previous year c. A public sector firm increasing its expenditure on advertisement d. A publicly traded firm selling one-third of its shares