Section 301 actions are more frequently used as a tool of trade policy, especially since the formation of the World Trade Organization

The table above shows the marginal private benefit, marginal social benefit, and marginal cost of education at the College of Epsilon. What is the tuition that will make the number of students equal to the efficient number?

A) $400 B) $800 C) $2,800 D) $3,200

Which of the following most accurately states the importance of technology as a source of economic growth for less-developed countries?

a. Restraints imposed by the slow advancements in modern technology have severely constrained the growth of less-developed countries. b. If modern technology was the only requirement for economic growth, less-developed countries would be growing rapidly. c. Most less-developed nations have the necessary complementary factors of production to make good use of modern technology if they could just afford the complex machines. d. While modern technology has increased the income levels in less developed countries, it has been unable to improve living standards.