Direct transfer programs are generally less efficient and less politically acceptable than subsidy programs

Refer to the table. If this nation's equilibrium price level is 125, its net exports will be:

Answer the question on the basis of the following table for a particular country in which C is
consumption expenditures, I g is gross investment expenditures, G is government expenditures,
X is exports, and M is imports. All figures are in billions of dollars. Each question is
independent of other question using the same table, unless otherwise stated.

A.  minus $4 billion.
B.  minus $2 billion.
C.  zero.
D.  $2 billion.

Relative to a profit-maximizing competitively organized industry that is producing 6,000 units of output at a price of $7 per unit, firms acting collusively under the same circumstances would produce ________ units of output and charge a price of ________ per unit.

A. more than 6,000; more than $7 B. less than 6,000; less than $7 C. 6,000; $7 D. less than 6,000; more than $7