A firm with positive accounting profit may be suffering an economic loss

The above figure shows the U.S. market for flip-flops. With no international trade, the price in the United States for flip-flops is ________. With international trade, the price in the United States for flip-flops is ________

A) $500; $300 B) $14; $12 C) $500; $700 D) $12; $14 E) $700; $300

Which of the following is considered government spending on security?

a. Social Security payments to retired police officers b. Social Security payments to disabled firefighters c. public assistance for the poor d. wage payments to astronauts e. wage payments to prison guards