Question #50123
In economics, the pleasure, happiness, or satisfaction received from a product is called ______?
Options:
Answer:
In economics, the pleasure, happiness, or satisfaction received from a product is called utility.
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Economics Related Questions
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Q1.One percentage decrease in unemployment is associated with two percentage points of additional growth in real gdp is called?
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Q2.Who is called the father of Economics?
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Q3.For economists, the word “utility” means:
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Q4.When economists say that people act rationally in their self interest, they mean that individuals _______?
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Q5.According to Emerson: “Want is a growing giant whom the coat of Have was never large enough to cover.” According to economists, “Want” exceeds “Have” because:
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Q6.According to economists, economic self-interest:
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Q7.When entering a building, Asim diverts his path to go through an open door rather than make the physical effort to open the closed door that is directly in his path. This is an example of:
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Q8.Resources in an economy ?
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Q9.The sacrifice involved when you choose a particular course of action is called the ?
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Q10.The sacrifice involved when you choose a particular course of action is called the?
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