When a nation exports a good, its total surplus ________, and when it imports a good, its total surplus ________

In the circular flow model, the factor markets are the markets in which

A) consumption goods and services are bought and sold. B) government goods and services are provided. C) land, labor, capital, and entrepreneurship are bought and sold. D) investment goods and services are bought and sold. E) governments impose all their taxes.

The above figures show the market for HD televisions. If the price of the LCD screens used to produce these televisions falls, which figure shows the effect of this change in price?

A) Figure A B) Figure B C) Figure C D) Figure D E) None of the figures represent this change.