Refer to the figure above. What is the consumer surplus when the market changes to a monopoly?
A) $30
B) $45
C) $60
D) $90
B
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A trade deficit occurs when:
a. a country imposes a price floor on the good in which it has a comparative advantage. b. a country's imports exceed its exports. c. a country imposes a price ceiling on the good in which it has a comparative advantage. d. a country's exports exceed its imports. e. the domestic product market is in disequilibrium.
If a commercial bank has liabilities valued at $150 million, a net worth of $50 million and assets (not including loans) of $180 million, what is the value of the bank's loans?
a. $180 million b. $200 million c. $20 million d. $280 million e. $80 million
A value-added tax (VAT) is a less visible form of a sales tax
Indicate whether the statement is true or false
CO2 emissions are a
A. Problem for rich nations only. B. Global externality. C. Global private cost. D. Problem for poor nations only.