The United States has benefited from NAFTA substantially in terms of increased ____, which has lowered prices and given consumers more choices.

Suppose the domestic supply (QSU.S.) and demand (QDU.S) for bicycles in the United States is represented by the following set of equations:QSU.S. = 2PQDU.S. = 200 - 2P.Demand (QD) and supply (QS) in the rest of the world is represented by the equations:QS = PQD =160 - P.Quantities are measured in thousands and the price, in U.S. dollars.In the absence of international trade, ________ thousand bicycles will be sold in the rest of the world at a per unit price of

A. 80; $80. B. 50; $100. C. 100; $100. D. 100; $50.

A movement from point F to point D in Figure 1.3 results in

A. More efficient production. B. A reallocation of resources from broom production to mop production. C. Permanent unemployment of workers producing brooms. D. A reallocation of resources from mop production to broom production.