Which of the Following Statements Regarding the Consumption of More

question 72

Multiple Choice

Which of the following statements regarding the consumption of more than one good is true?

• A)Utility initially increases when consumption of one or more goods increases.
• B)Utility increases when less of only one good is consumed.
• C)Utility decreases when more of only one good is consumed.
• D)Utility does not necessarily increase if more of all goods are consumed.
• E)If less of all goods is consumed, utility might increase, decrease, or stay the same.

---

Definitions:

Latin America

A region that includes the countries in the Americas where Romance languages are spoken, primarily Spanish and Portuguese.

Emigrants

People who leave their country of origin to live permanently in another country.

Economic Recovery

Economic recovery is a period of increasing business activity signaling the end of a recession or economic downturn. The process involves growth in GDP, employment, and consumer spending.

Oil Prices

The cost per barrel of crude oil as determined by global supply and demand dynamics, geopolitical stability, and production decisions of oil-producing nations.