When government pays individuals to purchase pollution-reducing devices, that payment is called a subsidy

The owner of a perfectly competitive firm that is earning economic losses in the short run

A) should alter the rate of output in order to increase profitability. B) should cut his own salary in order to reach the break-even point. C) is actually losing more than he thinks because not all of the implicit costs have been considered. D) is earning less than he would if he worked for someone else.

Refer to the information provided in Figure 33.3 below to answer the question(s) that follow. Figure 33.3Refer to Figure 33.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. After trade this country will import

A. 100 pairs of shoes. B. 200 pairs of shoes. C. 300 pairs of shoes. D. 1,300 pairs of shoes.