Which political philosophy argues that the government should choose policies to maximize the total utility of everyone in society?
Utilitarianism
Economics
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According to the U.S. balance of payments accounts in 2012, U.S. international borrowing is used for
A) private saving and public consumption. B) private and public investment. C) private consumption. D) private and public saving. E) government expenditure.
Economics
If the money demand curve shifts rightward, the AD curve also shifts rightward
a. True b. False
Economics
The marginal revenue curve for a monopolist is always below the demand curve.
Answer the following statement true (T) or false (F)
Economics
Government controls over market prices frequently "backfire."
a. True b. False Indicate whether the statement is true or false
Economics