FIGURE 6- 1 -Refer to Figure 6- 1. the Consumer's Total Utility Is

question 21

Multiple Choice

FIGURE 6- 1
-Refer to Figure 6- 1. The consumer's total utility is

• A) constant.
• B) increasing at a decreasing rate..
• C) decreasing at an increasing rate
• D) decreasing at a decreasing rate.
• E) increasing at an increasing rate.

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Definitions:

Export Goods

Products or commodities that are produced in one country and then sold and shipped to other countries.

Olive Oil

A liquid fat obtained from olives, used in cooking, cosmetics, pharmaceuticals, and soaps, and as a fuel for traditional oil lamps.

Imported

Refers to goods or services brought into one country from another.

Trading Bloc

Consists of those countries that have signed a particular trade agreement.