Suppose a private monopolist is supplying a good that is nonrival but excludable. The market demand for the good is P = 24 - 3Q. If the marginal cost of providing this good is zero, but the firm charges $18, then the monopolist will provide ________ units, and the efficient number of units is ________.

A country gains more from international trade the more its terms of trade differ from its autarky price

Indicate whether the statement is true or false

Suppose the federal government increases the unemployment benefits financed by higher income taxes. In this case, which of the following is likely to occur?

a. An increase in the equilibrium real GDP b. A redistribution of disposable income from the employed to the unemployed c. An increase in the interest rate d. An increase in the discount rate charged by the Central Bank e. An increase in the income of the rich and a decrease in the income of the poor