In the above figure, if the minimum wage is set at $8 per hour, the level of unemployment is ________ hours per week is

If an economy is operating at a point inside the production possibilities frontier, then

A) society's resources are being inefficiently utilized. B) the PPF curve will shift inward. C) society's resources are being used to produce too many consumer goods. D) economic policy must retard further growth of the economy.

The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. How much producer surplus is lost?

A) $10,000 B) $20,000 C) $25,000 D) $40,000