Use the Following to Answer Questions

question 244

Multiple Choice

Use the following to answer questions :
Figure: The Market for Thumb Drives
-(Figure: The Market for Thumb Drives) Look at the figure The Market for Thumb Drives. Assume that P_A is the autarky price, P_W is the world price, and D and S represent domestic demand and supply, respectively. Producer surplus in free trade equals the area:

• A)B + C.
• B)B + C + D +E.
• C)B + E.
• D)E.

---

Definitions:

Theoretical Perspectives

Frameworks or models that provide a systematic way to understand, explain, and make predictions about social behavior, structures, or systems.

Conservatives

A political and social ideology that emphasizes tradition, established institutions, and gradual change in society rather than radical reforms.

Enlightenment

a philosophical movement of the 18th century emphasizing reason, individualism, and skepticism towards traditional societal structures and religious dogma.

Society

a group of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.