In economics, utility is defined as
A) the want-satisfying power of a good or service.
B) the usefulness of a good or service.
C) the utilitarian value of a good or service.
D) the objective measure of the desirability of a good or service.
Answer: A
Economics
You might also like to view...
Negative externalities might be reduced by creating new rights, which we would describe as ________
A) adjudication B) remuneration C) legislation D) substantiation E) reparation
Economics
Researcher Terry Anderson claims that with respect to the supply of water, trading it would be
a. wrong and counter-productive. b. essentially impossible due to lack of technologies to move the water. c. highly productive and bring cooperation among the traders. d. a problem, since monopolists would come to own too much.
Economics