In the United States, inflation peaked around

A. 1973.
B. 1980.
C. 1982-1984.
D. 1929.

Answer: B

Economics

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Arthur Bach is worth $780 million dollars. He goes into an upscale men's store and buys 32 green sweaters, each costing $200 . If Arthur has maximized his utility from this purchase, what is the marginal utility of the thirty-third green sweater?

a. cannot tell b. greater than $200 c. less than $200 d. 0 e. $200

Economics

Refer to the diagram. Economists would argue that health care should be provided to patients in:



A.  some amount less than Q 1 .
B.  amount Q 1 .
C.  some amount between Q 1 and Q 2 .
D.  amount Q 2 .

Economics