If the United States imposes a quota on French wines, the result in the short run is likely to be ________ profits for American wine producers and ________ profits for French wine producers.

Refer to Table 2-1. Assume Tomaso's Trattoria only produces pizzas and calzones. A combination of 36 pizzas and 30 calzones would appear

A) along Tomaso's production possibilities frontier. B) inside Tomaso's production possibilities frontier. C) outside Tomaso's production possibilities frontier. D) at the horizontal intercept of Tomaso's production possibilities frontier.

Bonds sales to finance World War II (1941–45)

(a) helped finance the government's current budget deficits. (b) helped finance, manage and eventually pay down the private debts accumulated during World War I (1914–18). (c) were loans the U.S. government made to individuals in its private sector. (d) led to higher interest rates and decreased private spending and investment.