We want money mostly because
A) it makes us happy.
B) we can buy goods with it.
C) we lengthen the life of our mattress.
D) we trust it.
B
Economics
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If the shares of stock that Doug owns go up in value from $10,000 to $15,000, then Doug's wealth:
A. does not change. B. increases by $15,000. C. decreases by $5,000. D. increases by $5,000.
Economics
Diminishing marginal utility implies:
A. as the consumption of a good increases marginal utility decreases. B. as the consumption of a good increases marginal utility increases. C. as the consumption of a good increases total utility decreases. D. as the consumption of a good increases total utility increases.
Economics