Programs like Medicaid in the United States provide low-income households with medical care, because of the attitude of unfairness associated with the allocation of health care.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Total utility can be determined by:
a. summing the marginal utilities of each unit of a good consumed.
b. multiplying the marginal utility of the last unit consumed by the number of units consumed.
c. multiplying the marginal utility of the first unit consumed by the number of units consumed.
d. multiplying the price of the good times the number of units consumed.
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In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
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