A movement along the demand curve for automobiles is caused by a change in:
A. the price of automobiles.
B. the price of gasoline.
C. the price of steel.
D. consumers' incomes.
Answer: A
Economics
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Rembrandt paintings are expensive and not as vital for life as milk, which is cheap
Marginal utility theory explains this paradox of value: The total utility from a Rembrandt painting is ________ than the total utility from milk, and the marginal utility from a Rembrandt painting is ________ than the marginal utility from milk. A) smaller; smaller B) smaller; larger C) larger; smaller D) larger; larger
Economics
Macroeconomic stabilization involves
(a) reduction of inflation. (b) reduction of government budget deficits. (c) reduction of trade deficits. (d) all of the above. (e) none of the above.
Economics