The cost of a one-unit increase in an activity is called the

Which of the following characteristics is a precondition for economic growth? i. economic freedom ii. free markets iii. active government policy to discourage saving

A) i only B) ii only C) iii only D) Both i and ii E) Both ii and iii

People generally view leisure

a. as an inferior good b. as a normal good c. as a source of disutility d. as more valuable per unit the more they have of it e. as unrelated to utility maximization