The negative slope of an indifference curve means that the consumer must give up quantity of one good as the quantity of another good increases in order for total utility to ____

a. remain constant.
b. increase
c. decrease
d. normalize.

a

Economics

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Trade adjustment assistance is:

A. difficult to implement because claims of injury are easy to make and may be politically difficult to reject. B. difficult to implement because the adjustment costs of international trade are generally greater than the gains from trade. C. easy to implement because the adjustment costs of international trade are typically less than the gains from trade. D. easy to implement because it is easy to identify the few industries genuinely injured by international trade.

Economics

As price declines, quantity demanded goes _______ and quantity supplied goes ________.

A. up; up B. down; down C. up; down D. down; up

Economics