Refer to above figure. In the absence of trade, what is the country's consumer surplus?

Costs to the firm arising from reaching agreements on input prices with suppliers and then ensuring that terms of agreements are fulfilled, are called

A) negotiation costs. B) agency costs. C) transactions costs. D) implicit costs.

A currency board can ________ a country's ability to act as a lender of last resort

A) aggrandize B) limit C) enhance D) offset E) not affect