The term "utility" means
a. satisfaction
b. a low-valued good
c. productivity
d. adaptability
e. efficiency
A
Economics
You might also like to view...
If a country's real GDP grows at 10% per year, its real GDP will double about every
A) 5 years. B) 7 years. C) 10 years. D) 14 years.
Economics
Because the federal government typically provides disaster relief to farmers, many farmers do not buy crop insurance even through it is federally subsidized. This illustrates:
A. the adverse selection problem. B. the moral hazard problem. C. the special interest effect. D. logrolling.
Economics