Author Question: ________ in economics is a measure of satisfaction or happiness that comes from consuming a good or ... (Read 190 times)

mia

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________ in economics is a measure of satisfaction or happiness that comes from consuming a good or service.
 
  A) Budget
  B) Utility
  C) Income effect
  D) Substitution effect

Question 2

When calculating GDP, purchases of used goods are
 
  A) included at the original price.
  B) included by taking the original price and subtracting the (current) used price.
  C) included at the (current) used price.
  D) not included.
  E) included at the original price minus any depreciation.



Chou

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Answer to Question 1

B

Answer to Question 2

D



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