If total utility is decreasing, then marginal utility is

The difference between net public debt and gross public debt is

A) all government interagency borrowing. B) the interest paid annually on the public debt. C) the amount owed to individuals and firms outside the United States. D) the current year's budget deficit from the amount of public debt at the start of the year.

For a mortgage lender that makes mortgage loans to borrowers, which one of the following would be an example of adverse selection?

a. After the loan has been made, individuals become careless with their finances b. Individuals most likely to default are the ones most likely to apply for the loan c. Borrowers investing their loan proceeds differently than the bank requires d. None of the above