Economists Do Not Think It Is Possible to Compare the Relative

question 239

True/False

Economists do not think it is possible to compare the relative utility that two people get from consuming an additional unit of a particular good.

---

Definitions:

Informational

Pertaining to information, often focusing on the dissemination, processing, or use of knowledge.

Decisional

Decisional refers to anything related to the process of making decisions or choices among alternatives.

Open Systems

Transform human and material resource inputs into finished goods and services.

Multiculturalism

A socio-political philosophy or ideology that promotes the inclusion and respect of diverse cultural backgrounds within a society.