Utility in economics is:
A) a product with a derived demand like electricity.
B) usefulness.
C) satisfaction or happiness.
D) all of the above.
Correct Answer:
Verified
Q20: Real saving in year one is:
A)real bonds
Q21: An income effect is the response of
Q22: An increase in the interest rate:
A)makes future
Q23: In the one period budget constraint the
Q24: The measure used to reduce future consumption
Q26: In the one period budget constraint the
Q27: An increase in the interest rate:
A)makes consumption
Q28: An increase in the interest rate:
A)makes future
Q29: If a household consumes one less unit
Q30: The present value of sources of funds
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