The idea that all potentially available alternatives can be ordered according to a consumer's preferences is called:

A. the consumption principle.

B. the ranking principle.

C. the choice principle.

D. the more-is-better principle.


B. the ranking principle.

Economics

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The debt-to-GDP ratio increases when the primary deficit ________ or when seigniorage ________

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases

Economics

If net exports fall, what actions could a central bank take to stabilize the economy?

Economics

Suppose wages increase but employment decreases. These changes most likely were caused by:

A. a decrease in labor demand. B. a decrease in labor supply. C. an increase in labor demand. D. an increase in labor supply.

Economics

Which of the following is NOT true of utility?

A) It represents the want-satisfying power of a good. B) It is measured using a representative unit called a util. C) The utility that a good provides depends on a consumer's preferences. D) Utility can be measured objectively.

Economics