Trying to project total federal revenues and outlays over the next 50 years represents educated guesses at best

To be able to enforce the rules of a free-trade area, goods from outside the region imported into the lowest-tariff nation cannot be shipped ________ into another nation in the area.

a. with no transportation costs b. without a labor certificate c. with no customs inspection d. duty free

Excess capacity is the

A) difference between a perfectly competitive firm's and a monopolistically competitive firm's output. B) difference between a perfectly competitive firm's and a monopoly's output. C) output at the maximum point of the ATC curve. D) None of the above answers is correct.