Even when transactions are facilitated with money, imports are paid for by exports

In the figure above, when the market is unregulated and in equilibrium, the deadweight loss is ________ thousand per month

A) $250 B) $125 C) $150 D) $50 E) zero

The fact that positive externalities may exist in education is not enough to justify government involvement. To justify government involvement, it must be shown that _____

a. the effect of the externalities are large b. the externalities are inframarginal c. people do not internalize the externalities d. education is an investment good