Lowering the tariff on imported ethanol
A) increases domestic employment in the ethanol industry.
B) increases the imports of ethanol.
C) increases the domestic price of ethanol.
D) has no effect unless the nation's trading partner also lowers its tariff on ethanol.
B
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Total utility can be calculated as the
a. sum of all marginal utilities b. price paid for one unit of a good c. product of all marginal utilities d. total expenditure on all units of a good the consumer buys e. difference between the marginal utilities of the first and last units of a good
In Cambodia during the early 2000s, the illiteracy rate for girls between the ages of 15 and 24 was __________ and the illiteracy rate for males in this age group was ______________.
a. 86%; 88% b. 80%; 83% c. 67%; 70% d. 72%; 69%
The cyclical unemployment rate is 0 when the overall unemployment rate is
A. 15. B. 10. C. 5. D. 3. E. 0.
If, regardless of price, the quantity demanded is a constant amount, then the demand curve is:
A. horizontal. B. vertical. C. upward sloping. D. downward sloping.