Diminishing Marginal Utility Suggests That

question 215

Multiple Choice

Diminishing marginal utility suggests that

• A)more is always preferred to less.
• B)the well-being of society is maximized when the distribution of income is equal.
• C)the poor are less efficient at spending money than the rich.
• D)the poor receive more satisfaction from the last dollar spent than the rich.

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Definitions:

Rhetoric Against Unions

Speech or discourse that criticizes labor unions, often used in the context of political or economic debates.

Automobile Producers

Companies engaged in the design, development, manufacturing, marketing, and selling of motor vehicles.

American Automobile

The industry and culture surrounding the manufacturing, marketing, and use of cars and trucks in the United States.

General Motors

An American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts.