Which of the Following Sayings Describes the Concept of Diminishing

question 3

Multiple Choice

Which of the following sayings describes the concept of diminishing marginal utility?

• A)time is money
• B)penny wise and pound foolish
• C)absence makes the heart grow fonder
• D)a penny saved is a penny earned
• E)a fool and his money are soon parted

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Definitions:

Electorate

The body of individuals entitled to vote in an election, representing the collective decision-making capacity in a democratic society.

Disfranchisement

The revocation or denial of the right to vote to a person or group, often used as a means to suppress the political voice of minorities or opponents.

Gilded Age

A period in late 19th-century America characterized by rapid economic growth, industrialization, and a marked disparity between rich and poor.

Labor Conflict

Disputes between employers and employees or between different groups of workers, often regarding working conditions, wages, and union representation.