In the figure above, with international trade American consumers buy ________ million shirts per year

In the above figure, for a single-price monopoly the deadweight loss is equal to the area

A) abP1. B) acP2. C) bce. D) bed. E) P1beP3.

The price of one currency in terms of another is called

A) the exchange rate. B) purchasing power parity. C) the terms of trade. D) a currency band.