Open market operations is a tool the Fed uses to effect the federal funds rate

Refer to the figure above. What is the opportunity cost of producing one Web site?

A) 0.2 computer programs B) 5 computer programs C) 12 computer programs D) 60 computer programs

The above figure shows the U.S. market for flip-flops. With international trade, the equilibrium price in the United States is ________ and the United States ________ flip-flops

A) $12; imports B) $12; does not trade C) $12; exports D) $14; imports E) $14; does not trade