Although the United States is the second largest exporting country, international trade is less important to the United States than it is to most other countries

The figure above shows the marginal revenue, marginal cost, and demand curves for an airline offering daily flights between Los Angeles and Toronto. If the airline is regulated using a marginal cost pricing rule total surplus will be ________

A) $100,000 B) $60,000 C) $80,000 D) $20,000

The United States abandoned the Bretton Woods system of exchange rates in

A) the 1920s. B) the 1940s. C) the 1970s. D) the 1990s.