If Pete enjoys his first pancake of the morning much more than his fifth pancake of the morning, he is exhibiting

A) utility maximizing behavior.
B) diminishing marginal utility.
C) irrational behavior.
D) diminishing total utility.

B

Economics

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The three categories of federal government expenditures, in addition to government purchases, are

A) interest on the national debt, defense spending, and transfer payments. B) defense spending, Social Security, and Medicare. C) defense spending, budgets of federal agencies, and transfer payments. D) interest on the national debt, grants to state and local governments, and transfer payments.

Economics

Diversified companies show above average performance because risk is better managed

Indicate whether the statement is true or false

Economics