The least scrutiny of management’s operations occurs when ____ is the method used to obtain corporate financing.

The price ceiling depicted in the above figure results in

A) consumer surplus increasing from $30 thousand to $34.5 thousand. B) producer surplus decreasing from $24 thousand to $6 thousand. C) a deadweight loss of $16 thousand. D) Both answers A and B are correct.

A disadvantage of the barter system is that

A) no trade occurs. B) people must produce all their own food, clothing, and shelter. C) the opportunity to specialize is greatly reduced. D) gold is the only unit of account.