A Util Is an Artificial Construct Used as a Means

question 95

Multiple Choice

A util is an artificial construct used as a means of measuring the

• A)price of a good.
• B)satisfaction one receives from the consumption of a good.
• C)costs of producing a good.
• D)difference between the price and the value of a good.

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Definitions:

Distribution Of Wealth

Describes how wealth is shared or spread across a society, often highlighting disparities between different groups or individuals.

Democratic Society

A society in which the principles of democracy, such as voting rights, freedom of expression, and equality before the law, are practiced and upheld.

Slave Rebel

An individual enslaved person who actively resists and protests against their enslavement, often through acts of rebellion or escape.