Which of the Following Is FALSE

question 194

Multiple Choice

Which of the following is FALSE?

• A) A consumer is maximizing total utility when he or she gets the same amount of marginal utility from the last dollar spent on each good purchased.
• B) As additional units of a good or service are consumed, marginal utility diminishes.
• C) Utility is want-satisfying power.
• D) Assuming that the law of diminishing marginal utility holds, the demand curve must be upward sloping.

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Definitions:

Great Awakening

A series of religious revivals in the British American colonies during the 18th century, which emphasized personal faith, emotional experience, and the need for moral reform.

Religious Diversity

The existence of a variety of religious beliefs, practices, and institutions within a given society, reflecting the freedom of belief and pluralism.

Intellectualism

The exercise of the intellect or an emphasis on intellectual pursuits, often associated with a broad and deep understanding across multiple fields of study.

Frontier Dwellers

People living on the frontier or borderland of a country, often in the context of expanding settlements and the challenges of remote or undeveloped areas.