The Lawn Ranger, a landscaping company, has total costs of $5,000 and total fixed costs of $3,000. The Lawn Ranger's total variable costs are

Countries import some goods and export other goods primarily because of:

A) unemployment. B) self-sufficiency. C) comparative advantage. D) the law of increasing opportunity cost.

Which of the following is an explanation as to why fluctuations in real GDP have become less volatile in the United States since 1950?

A) The government has become less inclined to intervene to stabilize the economy. B) Unemployment insurance and other government transfer programs have become more prevalent. C) The government and the Federal Reserve have decreased regulation and scrutiny of the financial system. D) Goods manufacturing has become a larger fraction of GDP.