An annually balanced federal budget ________ macro- stabilization policy by requiring ________ fiscal policy during recessions

The above figure shows the U.S. market for replacement cell phone batteries. Area B + area D is the

A) tariff revenue. B) decrease in consumer surplus due to the tariff. C) deadweight loss from tariff. D) increase in producer surplus due to the tariff. E) gain in total surplus due to the tariff.

Economists pay special attention to making choices at the margin

a. true b. false