Structural budget deficit is the hypothetical deficit we would have under current fiscal policies if the economy were operating near full employment.

An inefficient use of resources can be illustrated using a production possibilities curve as: a. a movement to the northeast along the curve

b. a movement to the southeast along the curve. c. a movement off the curve in a northeast direction. d. a movement off the curve in a southwest direction.

Use the following graph, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product, to answer the next question.Sd + Q is the product supply curve after an import quota is imposed. A quota of y?w will result in an increase of domestic producer surplus equal to area(s)

A. E + F + K. B. E. C. E + F + G + H + J. D. K.