Lately, the ratio of debt to GDP has been

In the above figure, if the production of gloves was restricted to 2,000 a day, then the deadweight loss would equal

A) $0, because 2,000 gloves per day is an efficient quantity of gloves to produce. B) $2,000. C) $5,000. D) $10,000.

Ronald Coase's insight regarding the firm was that

a. firms tend to be more profitable when economies of scale are greater b. uncertainty and information are the keys to perfect competition c. perfectly competitive firms tend to displace monopolies d. economic activity is best understood in terms of the transaction costs of exchange e. consumers often carry out transactions directly with resource suppliers