The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines. ... Utility is an economic term used to represent satisfaction or happiness.
Answer:
Explanation:
The statement: Japanese and German industries have much better quality control methods than we do would not be an appropriate main point because the thessis is solely focusing on the U.S
They can be used as a defense mechanism.
It is solved by producing what is needed, rather than what will bring profit. The socialist economy usually has production of what is needed according to supply and demand. They don't make more things or less according to their value, but rather they will invest in what the society needs.
Considering that iron has always been more common than gold, I don't think they would have first found it during what we now call "the golden age." It was probably more useful and impressive to them during the dark ages.