3) Refer to the figure above, if the country is producing at ________, then moving to ________will cause utility to ________.A) point a; point b; increaseB) point c; point b; increaseC) point c; point b; decreaseD) point b; point c; remain unchangedE) point a; point c; remain unchanged

Use the figure below to answer the next question.An increase in an economy's labor productivity wouldMultiple Choicemove the economy away from point A and toward point B.move the economy away from point B and toward point A.shift the production possibilities frontier from AB to CD.shift the production possibilities frontier from CD to AB.

9) An import tariff will cause the relative demand for ________ to ________ and the relativesupply for ________ to ________A) exports; increase; exports; decreaseB) exports; increase; imports; decreaseC) exports; decrease; exports; increaseD) imports; decrease; imports; increaseE) imports; increase; imports; decrease

________ allows a firm to reduce its cost of creating value and increase its profitability. Select one: a. Moving up the location economies curve b. Moving up the experience curve c. Moving down the experience curve d. Moving down the location economies curve

In each of the following diagrams, the point P indicates a country’s production choice while the point C indicates its consumption choice. Which of the following diagrams represents a country that is producing optimally given the international terms of trade?

A voluntary export restraint will ________ producer surplus, ________ consumer surplus,________ government revenue, and ________ overall domestic national welfare.A) increase; decrease; increase; have an ambiguous effect onB) increase; decrease; decrease; decreaseC) increase; decrease; have no effect on; have an ambiguous effect onD) increase; decrease; have no effect on; decreaseE) increase; increase; decrease; have an ambiguous effect on