A good measure of the standard of living is

In a market economy, the government's power to coerce can:

A. undermine economic efficiency by increasing private-sector risk. B. improve economic efficiency by directing all resources to their most valued uses. C. reduce private-sector risk and increase economic efficiency. D. cause significant negative externalities.

An individual's demand curve slopes down because

A) marginal utility falls as price falls. B) the value of the marginal utility falls as the price falls. C) of the rule that the marginal utility of the last unit must equal the price. D) of the law of diminishing marginal utility and the rule of equal marginal utilities per dollar.