Veruca sells therapeutic bath salts on the Internet. Her annual revenue is $52,000 per year, the explicit costs of her business are $14,000, and the opportunity costs of her business are $17,000 per year. What is her economic profit?

In the United States, where there is a permanent increase in the money supply, exchange rate overshooting is caused in part by:

a. higher domestic interest rates. b. an appreciation of the dollar. c. lower foreign interest rates. d. a depreciation of the dollar.

In 1981, Japanese auto manufacturers signed a "voluntary restraint agreement" that limited the number of cars they would export to the United States. The effect of this was to

A. increase the price that dealers obtained for Japanese cars in the United States. B. lower the quantity of domestic cars available to American buyers. C. benefit Japanese auto manufacturers by reducing the number of cars they had to ship to the United States, allowing them to sell more in their domestic market. D. drive down the price of Japanese cars compared to U.S.-made cars.