If the firm in the figure above is unregulated, the consumer surplus will be
A) zero.
B) $100.
C) $400.
D) $200.
D
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Social security provides payments
A) for food so that the poor can obtain a basic diet. B) to aid married families with dependents. C) to unemployed able-bodied workers. D) to retired and disabled workers.
Tariff revenue is an important source of operating revenue for many governments of high income countries
Indicate whether the statement is true or false
According to the adaptive expectations theory, people form their expectations of the future on the basis of future expectations
a. True b. False Indicate whether the statement is true or false
A competitive firm facing a perfectly elastic demand curve can: a. increase price without losing any sales
b. sell all of its output at any price it chooses. c. sell all of its output at the market price. d. sell more output only by reducing its price.