A premium death spiral occurs when healthy people leave an insurance pool, which causes premiums to increase, and that causes more people to leave the pool, which results in even higher premiums

The above figure shows the U.S. market for replacement cell phone batteries. With free international trade, the United States

A) exports 300,000 batteries. B) imports 500,000 batteries. C) imports 400,000 batteries. D) exports 700,000 batteries. E) imports 800,000 batteries.

Government outlays include all of the following EXCEPT

A) dividend payments. B) spending on the military. C) electricity for the Capital Building. D) letterhead stationery.