Marginal Utility Is

question 6

Multiple Choice

Marginal utility is

• A)the difference in price between one store and another.
• B)the difference in value between "some" of a thing and "none" of a thing.
• C)the difference between any two successive total utility figures.
• D)acquired only with the first few units of a good or service.
• E)utility that is barely satisfactory.

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Definitions:

Political Consciousness

An awareness and understanding of political processes, systems, and issues, often leading to increased engagement in civic duties and activities.

Democratization

The process of making a political system more democratic, typically involving the transition from an authoritarian regime to a democratic one.

XYZ Affair

Affair in which French foreign minister Talleyrand’s three anonymous agents demanded payments to stop French plundering of American ships in 1797; refusal to pay the bribe was followed by two years of undeclared sea war with France (1798–1800).

Judicial Review

The power of courts to assess the constitutionality of legislative acts or governmental actions and to overrule those that are found unconstitutional.