We can explain the paradox of value as follows: The consumer surplus from water, which is cheap, is ________ than the consumer surplus from gold, which is expensive; the total utility from gold is ________ than the total utility from water; and the
marginal utility per dollar spent on water ________ the marginal utility per dollar spent on gold. A) greater; less; equals
B) smaller; less; equals
C) greater; greater; greater than
D) less; greater; greater than
A
Economics
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If U.S. exports are $2.2 billion and our imports are $2.7 billion
A) the United States is lending to the rest of the world. B) U.S. national saving is too high. C) the United States is borrowing from the rest of the world. D) U.S. investment must decrease.
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If the functional finance approach to federal budgeting is followed, the federal government's budget deficit should be zero
a. True b. False Indicate whether the statement is true or false
Economics