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:

Securely Attached

A term describing individuals, especially children, who have formed healthy emotional bonds and a sense of security with their caregivers.

Resumed Playing

The act of restarting a game or activity after having paused or stopped.

Climbed

entails ascending or going up something, often requiring physical effort, such as climbing a mountain or stairs.

Laboratory Procedure

A standard method or process followed in a scientific lab for the study, experimentation, or measurement of phenomena.