A recent estimate of the fiscal burden on state and local government for low-skilled immigrant households is nearly:

Refer to the figure above. If a price control is imposed at $8, what is the new consumer surplus in the market?

A) $115 B) $125 C) $130 D) $175

A closed economy is a national economy that

A) doesn't interact economically with the rest of the world. B) has a stock market that is not open to traders from outside the country. C) has extensive trading and financial relationships with other national economies. D) has not established diplomatic relations with other national economies.