Refer to the figure above. What is the consumer surplus when Lithasia opens up to free trade?

Refer to Figure 2-12. What is the opportunity cost of producing one gallon of honey in Bora Bora?

A) 2/3 of a gallon of milk B) 0.9 gallons of milk C) 1 1/3 gallons of milk D) 1.5 gallons of milk

Which of the following is an injection in an open economy?

a. Saving b. Imports c. Exports d. Taxes e. Money