Question #50124
For economists, the word “utility” means:
Options:
Answer:
For economists, the word “utility” means: pleasure and satisfaction.
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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.In economics, the pleasure, happiness, or satisfaction received from a product is called ______?
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Q4.When economists say that people act rationally in their self interest, they mean that individuals _______?
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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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