If the world price for good A is below the domestic price for good A without trade, then producer surplus will ________ and total economic surplus will ________ with trade.

If Ep is 3500 and Y is 3000, then

A) planned inventory accumulation is 500. B) planned inventory depletion is 500. C) unplanned inventory accumulation is 500. D) unplanned inventory depletion is 500.

After his father lost his job, Jack was forced to drop out of school. In this scenario unemployment resulted in _____

a. a loss of lifetime earnings b. a loss of human capital c. deterioration of health d. a loss of social cohesion