If the price of a candy bar increases from $1 to $1.50, the ____ will increase
a. producer surplus
b. consumer surplus
c. opportunity cost of producing a candy bar
d. social marginal cost of producing a candy bar
a
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What will be an ideal response?
The increasing wage inequality in the United States is between ________ workers and ________ workers.
A. old; young B. highly-skilled; unskilled C. service-sector; industrial-sector D. male; female
Social Security wealth is the future value of the Social Security system.
A. True B. False C. Uncertain
Which of the following examples of household spending is categorized as investment rather than consumption?
a. expenditures on durable goods such as automobiles and refrigerators b. expenditures on intangibles items such as medical care c. expenditures on new housing d. All of the above are correct.