By definition, inalienable rights:
A. would never be violated in a free market environment.
B. do not exist.
C. cannot be sold or given away.
D. belong to individuals, and so they can sell them or give them away.
Answer: C
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Given the data in the above table, income of $13, a price of $1 for a bottle of water and $2 for a hamburger, what is the marginal utility per dollar spent on water and on hamburgers when the consumer is in consumer equilibrium?
A) 20 units of utility per dollar spent B) 10 units of utility per dollar spent C) 5 units of utility per dollar spent D) 1 unit of utility per dollar spent
The production possibilities frontier (PPF) depicts the combinations of goods that provides society with the maximum possible benefit
a. True b. False Indicate whether the statement is true or false