Scarcity means that there is less of a good or resource available than people wish to have

The measure of the benefit you get from consuming the next cup of coffee is your

A) marginal utility of coffee. B) total utility from coffee. C) total utility per dollar spent on coffee. D) total utility from coffee when you are at your consumer equilibrium.

A central feature of monetary policy strategies in all countries is the use of a nominal variable that monetary policymakers use as an intermediate target to achieve an ultimate goal such as price stability. Such a variable is called a nominal

A) anchor. B) benchmark. C) tether. D) guideline.