Consumers must understand the law of diminishing marginal utility in order to maximize their satisfaction

Policy lags are typically much shorter for monetary policy than for fiscal policy

a. True b. False Indicate whether the statement is true or false

In the spring, I enjoy the fragrance coming from my neighbors' flowers. The fragrance is is an example of

A) a negative externality. B) a private good. C) the need for antitrust legislation. D) a free rider problem.