Buyers receive a consumer surplus when the price exceeds the marginal benefit
Indicate whether the statement is true or false
FALSE
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Which of the following indicates that the law of supply applies to makers of soda?
A) An increase in the price of a soda leads to an increase in the quantity of soda supplied. B) An increase in the price of a soda leads to an increase in the supply of soda. C) An increase in the price of a soda leads to an increase in the demand for soda. D) A decrease in the price of a soda leads to an increase in the quantity of soda demanded. E) A decrease in the price of a soda leads to an increase in the supply of soda.
If the money wage rate increases, the short-run aggregate supply curve shifts rightward
Indicate whether the statement is true or false
In Ecuador, as a share of a firm's revenue, the cost of bribes is highest for
(a) micro enterprises. (b) small enterprises. (c) medium enterprises. (d) large enterprises.
It is ____ that in international trade, when one country gains, another loses; it is ___ that to assure prosperity for its citizens, a nation should do all it can to promote exports and keep out imports.
A. true; true B. false; false C. false; true D. true; false