Microeconomics

If Tom purchases and consumes an entire Pizza, which of the following is likely to be true? a. The ...

Started by sc00by25

Economic freedom refers to the freedom of the government to control resources and labor in a ...

Started by Anajune7

For the world as a whole, economic freedom increased since 1994 as the countries opened up in the ...

Started by Mr.Thesaxman

Which of the following is a basic assumption of an economic analysis? a. Private property rights ...

Started by meagbuch

As an individual consumes more of a given good or service, the marginal utility of that good to the ...

Started by scienceeasy

International regulation occurs at two levels, one in which a specific government regulates the ...

Started by bobbie

Which of the following is a step that economists take in order to examine a real-world issue? a. ...

Started by cartlidgeashley

Total utility: a. generally diminishes as consumption of a good increases. b. always increases as ...

Started by Alainaaa8

The buyers and sellers in a resource market are: a. household and firms respectively. b. banks and ...

Started by dmcintosh

Which of the following is a possible advantage of a free market condition? a. In a free market, ...

Started by acc299

The total utility from consuming five donuts is 9, 19, 30, 38, and 45 utils, respectively. Marginal ...

Started by iveyjurea

Goods which are demanded to produce something else are said to have a(n): a. direct demand. b. ...

Started by natalie2426

Which of the following will possibly cause a leftward shift in the production possibility curve, ...

Started by CBme

For most goods and most people, marginal utility probably: a. continues to increase as larger ...

Started by azncindy619

Tools and equipments used in production are: a. natural resources. b. entrepreneurial resources. ...

Started by bio_gurl

A good or service is said to be scarce when: a. its price is too low. b. it is offered only to ...

Started by Chloeellawright

The law of diminishing marginal utility suggests that a demand curve: a. shows a direct ...

Started by Sportsfan2111

When studying the market for resources, it is important to understand that: a. resources are wanted ...

Started by rayancarla1

The term self-interest, as viewed by economists, means that: a. consumers never pay more for a good ...

Started by Engineer

When the incremental satisfaction derived from an additional unit of a good or service decreases as ...

Started by gonzo233

The demand curve for labor indicates that: a. as the real wage rate increases, employers will hire ...

Started by Jkov05

The phrase in the text, 'human beings are self-interested, not selfish' means that: a. people are ...

Started by clippers!

Consumer equilibrium is reached when: a. an individual spends her entire income. b. there is no way ...

Started by joesmith1212

In the market for resources, demand and supply: a. do not behave in the same way as they do in ...

Started by RRMR

When people make choices that (at the time and with the information they have at their disposal) ...

Started by humphriesbr@me.com