Statement I: a Strong Case Could Be Made That Much

question 85

Multiple Choice

Statement I: A strong case could be made that much of the blame for our trade deficit with Japan can be traced to unfair Japanese trade practices.
Statement II: There is virtually nothing the United States can do to lower its trade deficit.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

---

Definitions:

Marginal Utility

The gain in satisfaction or benefit from consuming one additional unit of a good or service.

Soft Drinks

Beverages that are non-alcoholic and typically carbonated, often containing sugar, flavorings, and acids.

Marginal Utility

The additional satisfaction or utility gained from consuming an additional unit of a good or service.

Utility Per Dollar

Represents the amount of satisfaction or pleasure received per unit of expenditure.