The average tariff rate dutiable imports in the United States is approximately
A) less than 10 % of the value of imports.
B) 15% of the value of imports.
C) 20 % of the value of imports.
D) 25% of the value of imports.
E) more than 30% of the value of imports.
A
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Liz loves to eat popcorn. Still, the more she eats, the less she wants each additional bite. Her marginal utility from popcorn is
A) diminishing. B) negative. C) increasing. D) zero.
What is the economic criterion most often used to compare living standards among countries?
a. real GDP b. unemployment rate c. incidence of AIDS d. rate of population growth e. real per capita GDP
In which of the following countries are citizens required to vote?
a. Greece b. Canada c. United States d. France
Refer to Figure 2-14. Unemployment could cause this economy to produce at point B.
Indicate whether the statement is true or false.