1. Name something you have purchased in the past year. Use as much detail as possible to describe how this good or service increased your utility. 2. Does the principle of decreasing marginal utility apply to this good or service? Have you reached the point of decreasing marginal utility? Explain

3. Describe a situation in which your budget was constrained. How would your purchasing decisions have been different if you’d had a bigger budget?

4. List two inferior goods and describe what makes them inferior. What normal goods could substitute for these inferior goods? What might it take for a consumer to switch to these normal goods?

5. Describe something that you think is a public good. Explain how it is non-excludable and non-rival. State whether you think the good should be provided by the government or by private industry, and explain the reason for your position

What was the name given to the members of parliament during the english civil war? a. parliamentarians c. the roundheads b. the presbyterians d. the puritans select the best answer from the choices provided a b c d

How did the kansas-nebraska act contradict the missouri compromise?

1. the responsibilities of the u.s. federal reserve system include overseeing the banking system and regulating the quantity of money in the economy setting the level of real interest rates working with congress to devise a financial plan for the country and execute the president's orders calculating and reporting the unemployment rate 2. to increase the supply of money when the economy is weak, the fed closes banks reduces inflation sells bonds buys bonds 3. the federal funds rate is the short-term interest rate that banks charge their best customers when borrowing banks earn on savings accounts with the fed banks charge each other when borrowing or lending to each other the fed charges banks when borrowing 4. when the fed increases the money supply and consequently lowers interest rates, the value of the dollar will rise by more in the market for foreign exchange, all else equal will fall, all else equal is not impacted by fed policy will rise, all else equal