If policymakers impose import restrictions on clothing, the U.S. trade deficit will shrink

At the efficient level of pollution, the:

a. total social costs and total social benefits of reduction are equal. b. marginal social costs and marginal social benefits are equal. c. marginal private costs and marginal private benefits are equal. d. total private costs and total private benefits are equal.

At consumer equilibrium, the level of marginal utility per dollar spent is the same for all consumers

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