In the figure above, when 40 units are produced the average fixed cost is

Refer to Figure 7-3. With a quota in place, what is the quantity supplied by domestic producers?

A) 16 million pounds B) 18 million pounds C) 28 million pounds D) 34 million pounds

Graphically, periods of federal budget deficits appear as upward-sloping portions of the debt-to-GDP line, while periods of budget surpluses appear as downward-sloping portions of the line

a. True b. False Indicate whether the statement is true or false