Suppose the amount of exports of textile machinery from Italy to the rest of the world equals 60 billion tons. The amount of imports of textile machinery into Italy from the rest of the world is 40 billion tons. Therefore, the intra-industry trade share for machinery is

If society chose to maximize total utility rather than minimum utility,

a. society would achieve perfect income equality. b. society would achieve the maximin objective. c. its justice would be more utilitarian than Rawlsian. d. its justice would be more Rawlsian than utilitarian.

When economists refer to people making decisions at the margin, they mean that we compare ________ benefits with ________ costs

A) total; total B) total; incremental C) additional; additional D) additional; marginal