If the opportunity cost of manufacturing machinery is higher in the United States than in Britain and the opportunity cost of manufacturing sweaters is lower in the United States than in Britain, then the United States will:

A) export both sweaters and machinery to Britain.
B) import both sweaters and machinery from Britain.
C) export sweaters to Britain and import machinery from Britain.
D) import sweaters from Britain and export machinery to Britain.

Ans: C) export sweaters to Britain and import machinery from Britain.

Economics

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The above table shows Homer's utility from boxes of doughnuts. If Homer decreases his consumption of doughnuts from 4 boxes to 3 boxes, his

A) total utility and marginal utility will both decrease. B) total utility will decrease, but his marginal utility will increase. C) total utility will increase, but his marginal utility will decrease. D) total utility and marginal utility will both increase.

Economics

As disposable income increases, _____

a. consumption and saving both increase b. consumption increases and saving decreases c. consumption and saving both decrease d. consumption decreases but saving increases e. saving increases, but we cannot predict what happens to consumption

Economics