During the Revolutionary War, the Pennsylvania legislature attempted to help the Continental Army by enacting
a. wage floors for soldiers in the army.
b. bonuses for soldiers who re-enlisted.
c. laws to buy food for the soldiers stationed in Pennsylvania.
d. price controls on essential commodities.
e. All of the above are correct.
d
Economics
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A utility-maximizing consumer would not consume more of a good if
a. marginal utility increases as more is consumed b. total utility diminishes as more is consumed c. MU/P < 1 d. MU/P < 1 e. MU/P = 1
Economics
As capital per worker rises, output per worker rises. However, this increase in output per worker is smaller at smaller levels of existing capital per worker
a. True b. False Indicate whether the statement is true or false
Economics