The principle of decreasing marginal benefit explains why the marginal benefit curve
A) is upward sloping.
B) has an infinite slope.
C) is vertical.
D) is downward sloping.
E) is horizontal.
D
Economics
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Money is ________ because goods and services are sold for money, then the money is used to purchase other goods and services.
a) a medium of exchange b) a unit of account c) a store of value d) fiat money
Economics
Assume a U.S. firm invests $1,500 to buy a one-year U.K. bond. What is the dollar value of the proceeds if the dollar return on the U.K. bond is 20 percent at maturity?
a. $1,800 b. $1,500 c. $1,200 d. $1,000 e. $500
Economics