Utility Is Easily Measured by Economists Using a Unit of Measure

question 33

True/False

Utility is easily measured by economists using a unit of measure called a util.

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Definitions:

Diagnoses

The identification of the nature and cause of something, typically referring to health issues, through examination of symptoms.

DSM-IV-TR

The fourth edition, text revision of the Diagnostic and Statistical Manual of Mental Disorders, a guide used by clinicians to diagnose mental disorders.

Personality Disorders

Psychological disorders characterized by inflexible and enduring behavior patterns that impair social functioning.

Psychological Disorders

Mental health conditions characterized by alterations in thinking, mood, or behavior associated with distress or impaired functioning.