Determining the optimal level of military expenditures is easy because the preferences of the median voter a reflected in the vote for president

The production possibilities frontier is the boundary between those combination of goods and services that can be

A) produced and those that can be consumed. B) consumed domestically and those that can be consumed by foreigners. C) produced and those that cannot be produced. D) consumed and those that cannot be produced.

Refer to Figure 9.9. At free trade, domestic producer surplus would be

A) $2,500. B) $50,000. C) $1,250,000. D) $2,500,000. E) $20,000,000.