In which of the following conditions is the inflation rate likely to rise and the unemployment rate likely to fall?

Common property resources like fish stocks in open waters tend to be over-utilized because:

A) the marginal social cost is less than the private marginal cost. B) the marginal social cost is always equal to the private marginal cost. C) the marginal social cost is greater than the private marginal cost. D) none of the above

If a consumer is maximizing utility, she will purchase quantities of output to the point where the total utility per dollar spent on consumption is equal across all goods

a. True b. False Indicate whether the statement is true or false