If the interest rate is 5 percent, the net present value of $200 to be received two years from now is

A production subsidy combined with free trade

A) has the same deadweight costs as a tariff. B) has only consumption deadweight costs. C) has only production deadweight costs. D) None of the above.

The market demand curve is ____ and the demand curve for a single firm in a competitive market is ____

A) horizontal, horizontal B) downward sloping, horizontal C) downward sloping, downward sloping D) horizontal, downward sloping