Studies by economists have tended to show that countries with more independent central banks have
A) lower unemployment. B) more inflation.
C) higher unemployment. D) less inflation.
D
Economics
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Basil is maximizing his utility from consuming tea and crumpets. If the marginal utility of the last crumpet was 32 units of utility and the prices of tea and crumpets are $4 and $8, respectively, what was the marginal utility of the last cup of tea Basil consumed?
a. 2 units of utility b. 12 units of utility c. $6 d. 128 units of utility e. 16 units of utility
Economics
If MUx/Px > MUy/Py, the consumer can increase utility by buying less of good y, which means the MUy will rise
a. True b. False
Economics