As an individual consumes more of a particular good, the total level of utility derived from that consumption usually
A) increases at a constant rate.
B) increases at an increasing rate.
C) increases at a decreasing rate.
D) decreases at an increasing rate.
Answer: C
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Today, the world is not just experiencing more change or more rapid change, but qualitatively new conditions, particularly a dramatic loss in the ability of states to
a. protect their borders. b. maintain democratic governments. c. control economies. d. wage war.
According to some economists, the private sector is more efficient than the public sector mainly because:
A. the private sector has a clear test of performance: profit and loss. B. wages, salaries, and fringe benefits are higher in the private sector. C. worker turnover is higher in the public sector. D. of extensive negative externalities in the public sector.