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Author Question: Which of the following is a basic assumption of an economic analysis? a. Private property rights ... (Read 72 times)

meagbuch

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on: Jun 30, 2018
Which of the following is a basic assumption of an economic analysis?
 a. Private property rights exist and are secure.
 b. A controlled market structure is the key to economic growth.
  c. In a free market, resources are owned by the government.
 d. There are no private property rights under a free market economy.
  e. Social well-being is the prime objective of an entrepreneur.

Question 2

Marginal utility:
 a. generally increases as more of a good is acquired.
 b. generally remains constant as more of a good is acquired.
  c. generally decreases as more of a good is acquired.
 d. begins to fall when total utility reaches its highest point.


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Chocorrol77

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


meagbuch

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Reply 2 on: Jun 30, 2018
:D TYSM

Animal_Goddess

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Reply 3 on: Yesterday
Excellent

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