Deadweight loss refers to a loss in revenue resulting from producers having to reduce their selling price to remain competitive

If U.S. official reserves increase, the

A) current account is positive. B) balance of payments increases. C) official settlements account balance is negative. D) current account increases. E) official settlements account balance is positive.

In the figure above, a price of $35 per dozen roses results in

A) a surplus. B) upward pressure on the price of roses. C) equilibrium. D) a shortage. E) an eventual rightward shift of the demand curve and/or leftward shift of the supply curve.