We Take One Dollar from a Pauper and Give It

question 94

Multiple Choice

We take one dollar from a pauper and give it to a millionaire. Assuming a diminishing marginal utility of money,

• A)total utility in the economy must rise.
• B)total utility in the economy must fall.
• C)total utility in the economy must remain the same.
• D)we cannot say whether or not total utility changes.

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Definitions:

Regulatory Agencies

Government bodies responsible for enforcing laws and regulations to protect public interests in sectors such as healthcare, finance, and the environment.

External

Originating from or existing outside the entity or subject under consideration, often influencing it from the outside.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often at the expense of other cultures.

Africa

The world's second-largest and second-most-populous continent, known for its diverse cultures, languages, and ecosystems.