The notion of reciprocity means that one nation will impose import restrictions on another in order to:

a. stimulate an increase in trade restrictions in the latter.
b. stimulate a decrease in trade restrictions in the latter.
c. eliminate trade restrictions immediately in both countries.
d. improve the government revenue collections through tariffs in both countries.
e. enforce standards of product quality in the latter.

b

Economics

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If total utility increases from 10 to 15 for the second unit of a good consumed, the marginal utility of the second unit is 25

a. True b. False Indicate whether the statement is true or false

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