Answer:
B. The concept of utility.
Explanation:
Utility in economics refers to the amount of satisfaction that a consumer derives from consuming units of a commodity at a particular point in time.
The concept of utility is based on the assumption that the consumer is rational in the sense that he or she aims at maximising utility with limited income.
Also , marginal utility diminishes as a consumer consumes additional units of a commodity.
The correct choice is B
Answer:
Incomplete question
Complete question:
A society that puts equality—in the sense of equality of outcome—ahead of freedom will
end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests. On the other hand, a society that puts freedom first will, as a happy by-product, end up with both greater freedom and greater equality. A free society releases the energies and abilities of people to pursue their own objectives. It prevents some people from arbitrarily suppressing others. It does not prevent people from achieving positions of privilege, but so long as freedom is maintained, it prevents those positions of privilege from becoming institutionalized.
—Milton Friedman, Free to Choose (1980)
Which of the following governmental policies would the author most likely support?
a) Restricting individuals from carrying guns in public.
b) Allowing individuals to purchase marijuana for recreational use.
c) Requiring individuals traveling in cars to wear seat belts.
d) Establishing minimun age requirements to access adult social media sites.
Answer: b) Allowing individuals to purchase marijuana for recreational use
Explanation:
The author is most likely to support the Government in allowing individuals to purchase marijuana for recreational purposes because he was very much emphatic about the freedom of individuals to do what makes them happy.
Answer:
Most people from Western cultures tend to avoid eye contact when conveying bad news or negative feedback.
