Refer to Table 10-2. What is Keira's marginal utility per dollar spent on the third cup of soup?
A) 72 units of utility B) 36 units of utility C) 12 units of utility D) 6 units of utility
D
Economics
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When a Japanese automaker makes a profit on a plant located in the United States, this enters into the U.S. balance of payments in the category of
a. merchandise exports b. merchandise imports c. income receipts on foreign investments d. income payments on foreign investments e. unilateral transfers
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What are the effects of a tariff, and who benefits and who loses when tariffs are imposed? What are the effects of a quota, and who benefits and who loses when quotas are imposed?
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