In exchange for a share of the revenues earned on campus, State U has granted CheapFizz the exclusive right to sell soft drinks in the student union and in vending machines on campus. Prior to the deal, three soft drink companies sold beverages on campus; now no other soft drink company is allowed to sell its products on campus. The beneficiaries of this deal is/are ________.

If a nation with a low level of GDP per capita converges to a richer nation, the poor nation

A) enters into a free trade agreement with the richer nation. B) experiences low growth rates. C) experiences a rate of high growth such that its GDP per capita increases to that of the richer nation. D) experiences a rate of low growth such that its GDP per capita increases to that of the richer nation.

An indifference curve is negatively-sloped because:

A) utility is a subjective concept. B) as the consumer obtains additional units of one good, the consumer is willing to sacrifice increasing amounts of the other good. C) in order to remain at the same level of utility, if an individual gets more of one good, he must sacrifice some of the other good. D) marginal utility is constant along an indifference curve, and increases in the consumption of one good cause the price of that good to fall.