What is NOT a lagging indicator ?
Stock prices
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If Ming is willing to pay $75 to attend the Broadway production of The Lion King but actually pays $40, she receives a consumer surplus of $35
a. True b. False Indicate whether the statement is true or false
Which of the following explains why monopolists lack allocative efficiency?
a. Because they produce at the quantity where P = MC b. Because they produce at the quantity where P > MC c. Because they invest too much in research and development d. Because they use intellectual property as barriers to entry
The World Bank was formed in
A. 1945. B. 1930. C. 1960. D. 1918.
When a government subsidy is granted to the buyers of a product, sellers can end up capturing some of the benefit because
a. the market price of the product will fall in response to the subsidy. b. the market price of the product will rise in response to the subsidy. c. the market price of the product will not change in response to the subsidy. d. buyers will reduce their demand for the product.