The Clayton Act allowed board members of one corporation to sit on the board of a competing firm as long as inside information was not transmitted

Suppose that the government wishes to finance a one-year war. GDP in the nation before the war is $1,000 . and there are no taxes, no government spending, and no private saving. Private consumption is $1,000 . The government chooses to finance the war by selling Treasury bonds totaling $100 at 10 percent interest. The result is that private consumption becomes

a. $100 b. $900 c. $990 d. $1,000 e. $1,100

Refer to the accompanying figure. At the equilibrium price, total consumer surplus is:

A. $40 per day. B. $7.50 per day. C. $15 per day. D. $10 per day.