A system in which money is issued by the government and its value is based uniquely on the public's faith that the currency represents command over goods and services is the

In the table above, what is the government's sector balance?

A) a deficit of $700 billion B) a surplus of $600 billion C) a deficit of $100 billion D) a surplus of #100 billion

The above figure shows the market for steel ingots. At the social optimum, the private producer surplus is

A) $1250. B) $1875. C) $2500. D) $3100.