We Take One Dollar from a Millionaire and Give It

question 73

Multiple Choice

We take one dollar from a millionaire and give it to a pauper. 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:

Bipedalism

A special form of locomotion on two feet found in humans and their ancestors.

Locomotion

The capacity or act of moving from one place to another, utilizing various bodily movements across different species.

Hominoid Fossil

A fossil belonging to the Hominidae family, which includes modern humans, their direct ancestors, and other close relatives.

Bipedalism

The ability to walk upright on two legs, a key trait in human evolution that distinguishes humans from most other primates.