Utility is:
A. a measure of a consumer's income
B. a way of describing a consumer's wants.
C. only applicable to goods that are purchased.
D. All of these are true.
Answer: B
Economics
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In the 2008-09 recession, the percentage of part-time workers due to economic reasons
A) rose to almost 18 percent. B) did not include teenagers. C) equalled the unemployment rate for those who are part-time workers due to non-economic reasons. D) decreased slightly over the period. E) doubled from 3 percent to 6 percent.
Economics
How can specializing in lending help to reduce the adverse selection problem in lending?
What will be an ideal response?
Economics