During a recession, unemployment rises and total output of the economy rises.

When a nation exports a good, its ________ surplus increases, and when it imports a good, its ________ surplus increases

A) total; total B) consumer; consumer C) producer; producer D) producer; consumer E) total; consumer

In the figure above, which budget line has the lowest relative price of carrots?

A) AD B) BD C) CD D) The relative price is equal for all three budget lines.