A production possibilities frontier with a ________ shape indicates increasing opportunity costs as more and more of one good is produced

Which of the following questions is a macroeconomic issue?

A) How many more pounds of cookies will a consumer purchase if the price of cookies decreases? B) What effect would a cure for Mad Cow Disease have on the market for beef? C) What is the future growth prospect for an economy? D) How many workers should the owner of a business hire?

If an import quota is imposed on imports of shrimp into the United States, U.S. producer surplus from shrimp will ________ and U.S. total surplus from shrimp will ________

A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease E) increase; not change