Which of the following statements best describes the scientific method?
a. The use of modern electronic testing equipment to understand the world.
b. The unbiased development and testing of theories about how the world works.
c. The use of controlled laboratory experiments to understand the way the world works.
d. Finding evidence to support preconceived theories about how the world works.
B
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The United States is a creditor nation
Indicate whether the statement is true or false
Total utility is maximized when _____
a. the marginal utility is maximized b. the marginal utility is the same for all goods consumed c. the marginal utility per dollar expenditure is maximized d. the marginal utility per dollar expenditure is the same for all goods consumed e. any change in purchases from good A to good B reduces marginal satisfaction