A change in the euro-dollar exchange rate from $1 per euro to $2 per euro would ____ the U.S. price of German goods, ____ the number of German goods that would be demanded in the U.S.
a. decrease; reducing

Which of the following would likely cause the greatest deadweight loss?

a. a tax on cigarettes b. a tax on salt c. a tax on cruise line tickets d. a tax on gasoline

The marginal rate of technical substitution always equals

A) the slope of the total product curve. B) the ratio of the marginal products of inputs. C) the change in output due to a change in the amount of one input. D) the distance between two isoquants.