The government can fight inflation by manipulating both aggregate demand and aggregate supply

If a monopoly engages in first-degree price discrimination:

A) social surplus is maximized. B) consumer surplus is maximized. C) producer surplus is minimized. D) the deadweight loss is maximized.

In the Ricardian model, if a country's trade is restricted, this will cause all EXCEPT which?

A) limited specialization and the division of labor B) reduced volume of trade and reduced gains from trade C) nations to produce inside their production possibilities curves D) a country to produce some of the product of its comparative disadvantage E) raised costs as more diverse product is produced internally