The law of diminishing marginal utility may be illustrated by a person
a. buying additional goods after getting a pay raise
b. eating more twinkies but enjoying them less
c. giving some of income to a needy person
d. who spends more hours studying than do his fellow students
e. buying goods so long as their marginal utility is greater than zero
B
Economics
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The main policy goal for a country according to the mercantilists is
A) to create a one-time deficit in the balance of payments. B) to create a continuing deficit in the balance of payments. C) to create a one-time surplus in the balance of payments. D) to create a continuing surplus in the balance of payments. E) to create specie overflows.
Economics
Entrepreneurship results in an equal distribution of wealth and income
Indicate whether the statement is true or false
Economics