Which of the Following Was Not a Result of Carlos

question 40

Multiple Choice

Which of the following was not a result of Carlos Andrés Pérez's 1990 economic program?

• A) The sale of state-owned companies to foreign multinational corporations at bargain prices.
• B) A significant loss of jobs in a nation already burdened with high unemployment.
• C) A $2 billion bonanza in government revenues and a boom in the import-led commercial sector.
• D) A dramatic decline in the number of people living below the poverty line.

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Definitions:

Marginal Utility

The extra pleasure or benefit gained by a consumer from consuming an additional unit of a product or service.

Marginal Utility

The additional satisfaction or utility gained from consuming an extra unit of a good or service.

Water-Diamond Paradox

A concept in economics that questions why diamonds are more expensive than water despite water being essential for survival and diamonds not.

Marginal Utility

The additional satisfaction or benefit received from consuming one more unit of a good or service.