An aggregate supply (AS) curve depicts the relationship between

The primary benefits derived from tariffs usually accrue to the:

a. domestic consumers of goods protected by the tariffs. b. foreign producers of goods protected by the tariffs. c. domestic producers of export goods. d. domestic suppliers of goods protected by the tariffs.

Bill Bonecrusher graduates from college with a choice of playing professional football at $2 million a year or coaching for $50,000 a year. He decides to play football, but eight years later he quits football to make movies for $3 million a year. His opportunity cost at graduation was and eight years later was

A) $50,000; $2 million B) $2 million; $2 million C) $2 million; $3 million D) $50,000; $50,000