In a competitive market, the demand and supply curves are Q = 12 - P and Q = 5P, respectively. If output is fixed at Q = 5, what is the amount of the resulting deadweight loss?

With regard to the American Revolution, research suggests that

(a) it was not waged against the law but against a particular alien authority. (b) all contracts, respecting property, remained basically unchanged. (c) the basic ideas established in the colonial era remained untouched by the Revolution, apart from the abolition of primogeniture and perpetual entailment. (d) all of the above are true.

The New Deal policies both relieved distress and reformed the system to prevent future depressions. An example of the former is the ___ while the ___ is an example of the latter

a. Civilian Conservation Corps; Works Projects Administration. b. Works Projects Administration; Industrial Organization Review Board. c. Civilian Conservation Corps; Securities and Exchange Commission. d. Federal Deposit Insurance Corporation; Industrial Organization Review Board.