An increase in fiscal deficit spending financed by borrowing will increase the national debt

Refer to Figure 4-1. If the market price is $2.50, what is the consumer surplus on the third ice cream cone?

A) $0 B) $0.50 C) $1.50 D) $2.50

The tradeoffs faced by a society can be illustrated in a graph known as the:

a. production operations curve. b. production cost curve. c. production cost model. d. production cost forecast curve. e. production possibilities curve.