The law of diminishing marginal utility explains why:
A. supply curves slope upward.
B. demand curves slope downward.
C. addicts can never get enough.
D. people will only consume their favorite goods and not try new things.
Answer: B
Economics
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How can the degree of income inequality be shown by a Lorenz curve?
What will be an ideal response?
Economics
In the article "Walmart Shutters Quebec Store as Union Closes In," the company argued all of the following except
A. It is not profitable to hire 30 additional workers at an already unprofitable store. B. Unions demanded higher labor costs that would make the store unprofitable. C. Unions impose inefficient work rules. D. The store would be the only unionized Walmart store.
Economics