The paradox of value between diamonds and water is explained by the fact that the
A) total utility of diamonds exceeds the total utility of water.
B) marginal utility of diamonds exceeds the marginal utility of water.
C) total utility of diamonds exceeds the marginal utility of water.
D) marginal utility of diamonds exceeds the total utility of water.
B
Economics
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Suppose the government borrows to purchase military ammunition which is immediately used up in target practice. The rate of return on this investment is ________, and in this case the government debt ________ a burden on future taxpayers
A) r, is not B) r, is C) 0, is not D) -r, is not E) -r, is
Economics
Centrally planned economies like China produce relatively little pollution
a. True b. False Indicate whether the statement is true or false
Economics