The hidden opportunity cost of using protectionism to save jobs in one industry is the sacrifice of jobs that are not created in other industries

The above figure shows the demand and cost curves for a firm in monopolistic competition. The firm maximizes its profit by

A) producing 8 units at a price of $5 each. B) producing 8 units at a price of $15 each. C) producing 4 units at a price of $20 each. D) producing 12 units at a price of $10 each.

The best example of an increase in capital is:

A) The discovery of new oil reserves. B) new computer software. C) legal immigration of computer programmers. D) conversion of military facilities to civilian uses.