Maria goes shopping for wedding shoes and is willing to pay $50 . She pays only $20 because the shoes she wants are on sale. Does she gets a consumer surplus? If so, how much?
a. yes, $50
b. yes, $20
c. yes, $70
d. yes, $30
e. no, there is no consumer surplus because the price was a sale price
D
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Since the late 1980s, the share of the net public debt owed to foreign interests has
A) gone up and then down, finally settling at around 10 percent. B) decreased. C) increased. D) remained constant.
Money income is
A) market income plus cash payments from government. B) equal to market income. C) market income plus cash payments from government minus taxes. D) market income minus taxes.
Refer to Table 9-12. Which country has an absolute advantage in producing swords?
A) Estonia B) Morocco C) both countries D) neither country
Given the payoffs in the matrix shown, Firm B:
This prisoner's dilemma game shows the payoffs associated with two firms, A and B, in an oligopoly and their choices to either collude with one another or not.
A. should always choose to collude, regardless of Firm A's actions.
B. should always choose to compete, regardless of Firm A's actions.
C. should compete if Firm A competes and collude if Firm A colludes.
D. should compete if Firm A colludes and collude if Firm A competes.