If a marginal cost pricing rule is imposed on the natural monopoly in the figure above, then total surplus will be

The figure above shows the production possibilities frontier for a country. In order for it to produce at point E, the

A) country would need to acquire more resources and/or more advanced technology. B) production of compact cars would need to decrease. C) production of SUVs would need to decrease. D) country would need to use its resources more efficiently. E) country would need to determine that compact cars and SUVs are equally important to it.

In a barter system, we would see

A) many different units of money. B) money and goods exchanged for each other. C) wide-spread depository institutions. D) goods traded directly for other goods and services.