If total utility from consuming five cups of cocoa is 10, 22, 32, 41, and 49 utils, respectively, the marginal utility of the fourth cup of coffee is 9.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Which of the following is true of the General Agreement on Tariffs and Trade (GATT)?
a. It is now called the World Agreement on Trade and Tariffs.
b. It was the global trade agreement that did away with the gold standard.
c. It was a policy of the United States to raise tariffs on imported sugar.
d. It was the first global trade agreement that followed World War II.
e. It was a global trade agreement to raise tariffs.
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