Total utility is maximized in the consumption of two goods by
A) maximizing expenditure on each good.
B) equating the marginal utility for each good consumed.
C) equating the total utility of each good divided by its price.
D) equating the marginal utility per dollar for each good consumed.
D
Economics
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Economic growth is slow or absent in some economies because those lack
A) political freedom. B) democracy. C) a strong government. D) cultural freedom. E) economic freedom.
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An increase in housing starts, typically due to __________ interest rates, is often thought to precede __________
A) rising; an expansion B) rising; a recession C) falling; an expansion D) falling; a recession
Economics