Refer to Figure 4-6. What is the value of the portion of consumer surplus that has been transferred to producer surplus as a result of the price floor?
A) $1,200 B) $1,500 C) $1,800 D) $3,000
A
Economics
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Discuss the problems associated with the imposition of capital controls
What will be an ideal response?
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As a result of a per-unit tax on output in a market: a. the quantity traded increases
b. the quantity traded does not change. c. the quantity traded decreases. d. a surplus is created at the new equilibrium price.
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What function is money serving when you deposit money in a savings account?
A. A medium of exchange. B. A unit of account. C. A store of value. D. A checkable deposit.
Economics
Porter states that a company can gain ______ advantage if their home customers are demanding and knowledgeable.
Fill in the blank(s) with the appropriate word(s).
Economics