If Honduras were to subsidize the production of wool blankets and sell them in Sweden at artificially low prices, the Swedish economy would be worse off
a. True
b. False
Indicate whether the statement is true or false
False
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Pollution from the U.S. Middle West may not only harm New England and Canada, it may extend to cause harm to the entire solar system
Indicate whether the statement is true or false
Peter consumes bags of potato chips and cans of soft drink. The marginal utility of bags of potato chips is 10 utils per bag and the marginal utility of cans of soft drink is 50 utils per can. Potato chips cost $0.50 a bag, and a can of soft drink costs
$1.00. What should Peter do? A) Peter should eat more chips, because they cost less. B) Peter should buy more chips and less soft drink. C) Peter should buy more soft drink, because it costs less. D) Peter should buy more soft drink and fewer potato chips.