If the international price of oranges is less than the domestic price of oranges in Spain, then Spain will export oranges to other countries

For widgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. A tax of $15 per unit is imposed on widgets. The tax reduces the equilibrium quantity in the market by 300 units. The deadweight loss from the tax is

a. $1,750. b. $2,250. c. $3,000. d. $4,500.

First-past-the-post voting entails:

A. one vote with many options, and the option that gets to 51% wins. B. one vote with many options, and the option with the most votes wins. C. voters ranking all available options and the option most approved of wins. D. a series of votes with two options; the winner of the first vote is paired with another option until all options have been voted on in pairs and there is one winner.