Which of the Following Statements Is False

question 24

Multiple Choice

Which of the following statements is false?

• A)If marginal utility is diminishing, then total utility is increasing but at a decreasing rate.
• B)If marginal utility is diminishing, then total utility is concave.
• C)If marginal utility is negative, then total utility is downward-sloping.
• D)If marginal utility is decreasing, then total utility is decreasing.

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Definitions:

Forum Non Conveniens

A legal doctrine allowing courts to dismiss a case if another court or forum is more suited to hear the case, usually due to convenience factors.

Personal Jurisdiction

Refers to a court's authority over the parties involved in a legal case.

Specific Personal Jurisdiction

A doctrine permitting adjudication of a claim against a defendant only if the defendant purposely availed himself or herself of the protections of the forum and if the selected forum is reasonable.

WTO

The World Trade Organization, an international body that regulates and facilitates global trade agreements and disputes.