The questions that an economic system attempts to solve include
A) what to produce.
B) how to produce items.
C) for whom items are produced.
D) all of the above.
D
Economics
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Many spouses complain that their partners tend to "let themselves go" after getting married. This is an example of
a. Moral hazard b. Adverse selection c. Terrible husbands d. None of the above
Economics
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