The table above shows the total utility from the two goods Freddy likes to consume. Suppose that Freddy has already eaten 5 bags of Fritos. If he consumes one more bag, his marginal utility will

The relationship between the output gap and the cyclical rate of unemployment is known as

A) the Phillips curve. B) the LM curve. C) Murphy's law. D) Okun's law.

To follow an outward-oriented strategy, a country that has scarce natural resources and abundant labor supplies should _____

a. export primary goods and import manufactured products b. export manufactured goods and impose import restrictions on primary goods c. export both primary and manufactured products d. export primary goods and impose trade restrictions on manufactured goods e. export manufactured products and import primary goods