Refer to the Information Provided in Figure 6

question 83

Multiple Choice

Refer to the information provided in Figure 6.10 below to answer the question(s) that follow. Figure 6.10
-Refer to Figure 6.10. The current price of a turkey sandwich is $6. If Kyle is currently buying nine turkey sandwiches a week, he ________ maximizing utility because the marginal utility ________ than its price.

• A) is; from the ninth sandwich is greater
• B) is; from the ninth sandwich is less
• C) is not; gained from the ninth sandwich is less
• D) is not; gained from the ninth sandwich is greater

---

Definitions:

Trade Surplus

The amount by which the value of a country's exports exceeds the cost of its imports.

Exports

Goods or services sold by one country to another, contributing to the selling country's gross domestic product.

Imports

Products or services imported into a country from abroad for the purpose of selling.

Trade Deficit

An economic condition that occurs when a country imports more goods and services than it exports.