When a group lobbies for the prevention of free trade, the most likely reason is
A) rent seeking.
B) tariff revenue.
C) defense against expensive domestic labor.
D) preservation of the environment.
Question 2
The principle of diminishing marginal utility implies that the
A) marginal utility of a product is negative.
B) total utility from a product is also diminishing as more units are consumed.
C) rate of change of total utility is diminishing as more units are consumed.
D) rate of change of marginal utility is very low as more units are consumed.
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