If the country of Deficitland is experiencing trade deficits, they are more likely to cut imports of

Refer to Table 9-1. The labor force participation rate for this simple economy equals

A) (1,100/20,000 ) × 100. B) (1,000/15,000 ) × 100. C) (1,100/15,000 ) × 100. D) (1,000/1,100 ) × 100.

When Jack consumes the first bottle of water, his utility increases by 20 utils. The second bottle of water increases his utility by 18 utils, and the third bottle of water increases his utility by 15 utils. This implies that the marginal utility of the second bottle of water is _____

a. 15 utils b. 18 utils c. 20 utils d. 24 utils