In Figure 33.1, at the market wage, the consumer surplus is 

Which concept do some scholars use to explain the growth in free trade after World War II?

a. regionalization b. voluntary export restraint c. embedded liberalism d. hegemonic stability

If a perfectly competitive firm's price is less than its average total cost but greater than its average variable cost, the firm

A) is earning a profit. B) is incurring a loss. C) should shut down. D) is breaking even.