Beginning at the horizontal axis intercept, as a consumer moves upward along the budget line, he will find that

a. the marginal utility per dollar spent on the vertical axis good increases
b. the marginal utility per dollar spent on the horizontal axis good increases
c. the marginal utility per dollar spent on the horizontal axis good decreases
d. the marginal utilities per dollar spent on both goods increase
e. the marginal utilities per dollar spent on both goods remain constant along that particular budget line

B

Economics

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The techniques of regulation used in the U.S. are

(a) meant to solve basic problems, but they create others. (b) meant to re-enforce the "decisions of the marketplace." (c) meant to manage problems rather than solve them. (d) designed to make the economy more efficient than is possible with only the free market mechanism.

Economics

In an economy, U = the number of adults who are unemployed, E = the number of adults who are employed, and NLF = the number of adults not in the labor force. The unemployment rate of the economy is equal to: a. U/(E + NLF)

b. U/E. c. U/(U + E). d. U/(E + NLF). e. U/(U + E ? NLF).

Economics