If the marginal product of labor is decreasing, then marginal cost of production must be rising
Indicate whether the statement is true or false
TRUE
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Which type of tariff is forbidden in the United States on Constitutional grounds?
A) import tariff B) export tariff C) specific tariff D) prohibitive tariff E) import quota
Sources of stress include all but which of the following:
a. Hurricanes, tornadoes, floods and other such natural events b. Angry family members and friends c. Clutter, mental and physical d. All of the above are potential sources of stress
Which of the following would increase the total amount of trade in the world?
A) trade diversion B) trade deflection C) trade retention D) rules of origin
The total utilities associated with the first 5 units of consumption of good X are 15, 30, 40, 47, and 50, respectively. What is the marginal utility associated with the third unit?
a. 15. b. 70. c. 85. d. 10. e. 45.