The principle of diminishing marginal utility says that
a. as more of a good or service is consumed, demand will decrease.
b. as more of a good or service is consumed, the price will rise.
c. the marginal utility of additional units consumed will increase.
d. the marginal utility of additional units consumed will decline.
D
Economics
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Intra-industry trade refers:
a. to imports and exports within the same industry. b. to imports and exports originating in different industries. c. to international trade patterns predicted by the Heckscher-Ohlin model. d. to Ricardian comparative advantage.
Economics
A central bank has the most control over:
a. A nation's preferred asset ratios. b. The monetary base. c. The real exchange rate. d. The velocity of money. e. The M2 money supply.
Economics