In the above figure, the optimal level of pollution cleanup is

When economists talk about the gains from trade they mean that

A) no one ever gets hurt by trade. B) the benefits of trade outweigh the losses. C) business firms benefit from trade but not necessarily individuals. D) trade increases government revenue through taxes on imports. E) economic restructuring is usually quick and painless.

In 2010, many politicians argued that the deficit should be reduced at all costs but many economists countered that deficit reduction would be problematic given the state of the economy

a. True b. False Indicate whether the statement is true or false