Refer to Table 15.1. The uses of government funds for Arugula in 2012 total

Looking at the U.S. balance of payments for the last two decades, how have the current account and the capital account changed?

What will be an ideal response?

Refer to Figure 4-4. The figure above represents the market for iced tea. Assume that this is a competitive market. If 10,000 units of iced tea are sold

A) the marginal benefit of each of the 10,000 units of iced tea equals $3. B) marginal benefit is less than marginal cost. C) the deadweight loss is equal to economic surplus. D) producer surplus equals consumer surplus.