Which of the following is a correct statement about U.S. manufacturing?
A) U.S. manufacturing output is generally declining.
B) U.S. manufacturing employment has declined sharply since the 1970s.
C) Most relocation of U.S. manufacturing has been from southern states to northern states.
D) Productivity in U.S. manufacturing has fallen as employment has decreased.
B
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Miniville is an isolated town located on the southern shore of Lake Condescending, a very large lake. The western edge of Miniville is adjacent to impassable mountains and there are no towns or businesses for many miles to the east. The 300 residents of Miniville are evenly distributed along 3 miles of shoreline on the lake, east of the mountains. Lake Shore Drive, the only street in town, provides access to Miniville's homes and businesses. All residents live between the lake and the street; businesses locate on the other side of the street. Lake Shore Drive is 3 miles long, and the points labeled A, B, and C are 1, 2, and 3 miles from the western end of Lake Shore Drive, respectively. All residents of Miniville shop at the store located closest to their homes. src="https://sciemce.com/media/4/ppg__rrr0818190951__f1q364g1.jpg" alt="" style="vertical-align: 0.0px;" height="117" width="538" />If three stores were to open sequentially, you would expect that those stores would be located:
A. in a cluster, nearest the mountains.
B. at points A, B, and C.
C. in a cluster, near the location chosen by the first store to locate.
D. halfway between the mountains and A, halfway between A and B, and halfway between B and C.
If the price level in the U.S. is 120, the price level in South Africa is 140, and the nominal exchange rate is 7 South African rands per dollar, then the real exchange rate is
A) 6 South African goods per U.S. good. B) 8.4 South African goods per U.S. good. C) 9.8 South African goods per U.S. good. D) 1.4 South African goods per U.S. good.
A society is productive inefficient when
A) it produces at a point inside (below) its PPF. B) it does not produce the maximum output with its given resources and technology. C) it can produce more of one good without giving up some of another good. D) both a and b E) all of the above
Under the cartel, the individual firm's quantity is (assuming it obeys its quota) 
Figure 42.2
A. Q1. B. Q2. C. Qa. D. Qb.