If the price of a good falls, the marginal utility per dollar spent on that good:
a. also falls.
b. stays the same.
c. rises.
d. will rise or fall, depending on the consumer.
e. remains unchanged, provided the consumer buys no more of the good.
c
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Suppose exports and imports both rise by $1. GDP
A) rises by $2. B) rises by $1. C) remains unchanged. D) falls by $1. E) falls by $2.
In its most basic form, globalization has existed ever since:
a. the creation of the Internet, which enables people to sell their products overseas. b. the end of World War II. c. the creation of the International Monetary Fund (IMF), which establishes the rules for all countries to follow as they trade. d. the fall of the Berlin wall which marked the end of communism and thus, the beginning of truly "global" times. e. primitive societies began to engage in trade.