If a country's exports were 500 billion pesos and its imports were 300 billion pesos, what would its trade balance be?
a 200 billion peso trade surplus
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After a price floor of $23 is placed on the market in the graph shown, which area represents consumer surplus?
A. A
B. A + B
C. A + B + C
D. A + B + C + D
The percentage share of income of the bottom quintile on curve X is
A. 0.
B. 5.
C. 10.
D. 15.
When people anticipate a company’s earnings will rise, prospective stockholders are willing to pay ______ for its stock, and current stockholders ______ to sell.
a. less; are eager b. more; are eager c. less; are reluctant d. more; are reluctant
Consider an unregulated monopoly in Figure 8.13. If a second firm enters the market, the demand curve facing the first firm will:
A. shift to the right. B. shift to the left. C. remain the same. D. There is insufficient information.