In 2010 and 2011, President Obama advocated deficit reduction through decreased spending while Republicans in Congress advocated increased taxation to achieve the same goal

Refer to the figure below. When the market is unregulated, producer surplus is represented by the area:

A. ABC B. FHC C. DGF D. DBC

Obstacles that make it difficult or impossible for would-be producers to enter a market are known as:

a) Entry tariffs. b) Entry blockades. c) Monopoly profits. d) Barriers to entry.