A problem related to the declining terms of trade is that _________, once the costliest portion of manufacturing, now represents only a minor expense.

In 2012, the bottom one-fifth of U.S. households earned ________ of the nations total income

A) just over 3% B) just under 9% C) approximately 25% D) just under 50%

In the figure above, if the firm is regulated using a marginal cost pricing rule, the deadweight loss created is equal to the area of

A) ABG. B) BEFG. C) BCFG. D) BCE. E) None of the above because there is no deadweight loss created.