(Table: Firm's Willingness) Look at the table Firm's Willingness. If the price of a report is $12, what is the value of producer surplus for the firm?
A) $42
B) $16
C) $27
D) $21
D) $21
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Market forces can easily determine a currency's international role, yet government decree is most important in determining the international reserve currency status of a currency
Indicate whether the statement is true or false
If Jen earns $80,000 a year and pays $16,000 in taxes, and Gary earns $100,000 a year and pays $16,000 a year in taxes, the tax system must be:
A. flat. B. proportional. C. progressive. D. lump-sum.
A former senator remarked that "We cannot give anyone the option of polluting for a fee.". Do most economists agree with this statement, or do they disagree with it?
Which of the following statements regarding the use of gold as money is false?
A) The money supply would be easy to control because of the predictability of new gold discoveries. B) It is durable. C) It has value other than money. D) It is acceptable to traders.