An increase in the per capita income in China would result in:
A) increased beef exports to China
B) an decrease in the per capita consumption of cars in China
C) no impact on US agriculture
D) decreased grain exports to China
Correct Answer:
Verified
Q10: The Law of Diminishing Marginal Utility explains:
A)
Q11: A rational individual would never:
A) drive a
Q12: When an economist says that an apple
Q13: An economist should never:
A) make value judgements
Q14: If the price of gasoline increases significantly
Q16: To an economist, rational behavior means:
A) that
Q17: The Law of Diminishing Marginal Utility implies
Q18: If TU is increasing, then MU is:
A)
Q19: A person who has eaten so much
Q20: The marginal rate of substitution is the
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