Author Question: An individual's level of utility is based on fulfillment of needs as opposed to wants. a. True b. ... (Read 58 times)

PhilipSeeMore

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An individual's level of utility is based on fulfillment of needs as opposed to wants.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following raises the economic freedom of a country?
 a. Limited international movement of productive resources
  b. Higher taxes
  c. Red-tapism and bureaucracy
  d. Reduction of trade barriers like tariffs and quotas
  e. Reduction of government subsidies on gasoline



Joy Chen

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Answer to Question 1

False

Answer to Question 2

d



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