Which Statement Is True

question 171

Multiple Choice

Which statement is true?

• A)Because of the Great Recession,the combined state,local,and federal deficit in 2009 was about $1.5 trillion.
• B)The key to productivity growth is the use of deteriorating and obsolete capital.
• C)Immigration has long been a tremendous drain on our economy and has slowed our rate of economic growth.
• D)Edward Denison about 90 percent of our economic growth to increases in productivity.

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Definitions:

Utility-maximizing

Utility-maximizing refers to a principle in economics where individuals or businesses seek to achieve the highest level of satisfaction or profit from their decisions, given their resources and constraints.

Diminishing Marginal Utility

The more of any one good consumed in a given period, the less incremental satisfaction is generated by consuming a marginal or incremental unit of the same good.

Candy Bars

Sweet confectionery products that typically consist of chocolate and may include other fillings like nuts, caramel, nougat, or wafers.

Total Utility

The total satisfaction or benefit received by consuming a particular amount of a good or service.