As the demand for land falls
A. rents rise and more marginal land comes into use.
B. rents fall and less marginal land is used.
C. rents rise and less marginal land is used.
D. rents fall and more marginal land comes into use.
B. rents fall and less marginal land is used.
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Suppose a social entrepreneur needs to raise money for a public good. He has to allocate his fund raising package to activities that persuade people of the importance of the public good and to activities that make people feel good about giving. As the population gets large, which of these do you think he will increasingly emphasize?
What will be an ideal response?
Which of the following is a surplus item in the U.S. current account?
A) The U.S. government reduces the tariff rates on some imported goods. B) IBM pays dividends to British shareholders. C) Finn vodka becomes more popular in the United States. D) The U.S. government cuts back on military personnel stationed in S. Korea.
Which of the following equations describes a trade surplus?
a. G < C b. X > M c. X > I d. C < M
Refer to the information provided in Figure 13.4 below to answer the question(s) that follow. 
Figure 13.4Refer to Figure 13.4. At its production point, the ________ for this firm is $11.
A. marginal cost B. profit-maximizing price C. average total cost D. marginal revenue