Which of the following occur when a person maximizes utility? I. The marginal utility of each good bought is equal. II. The highest level of utility is attained. III. All of a person's budget is spent

Which of the following is not a government transfer program?

a. unemployment compensation b. Social Security c. food stamps d. Medicare e. movement of soldiers to a different military base

Which of the following methods can be used to sustain a cartel?

A) removing barriers to entry B) trade groups C) acts of self-interest D) the use of binding contracts