The cost of debt can be found on a firm's

Refer to the figure above. If this were a voluntary restraint agreement, the welfare costs to the importing country would be

A) $14,000. B) $18,000. C) $38,000. D) $60,000.

A principle difference between the original Keynesian model and the new Keynesian model is that in the new version

A) the traditional assumptions of profit maximization is no longer included. B) monetary policy is impotent. C) wages and prices adjust slowly to market conditions. D) All of the above are correct.