In the figure below, if the market is a monopoly rather than perfectly competitive, the deadweight loss equals ________.
A) area A.
B) area B.
C) area C.
D) area A + area B.
C) area C.
Economics
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The official dating of the most recent recession places its timing as
A) 2007. B) 2007-2009. C) 2008. D) 2008-2009.
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Which of the following is a potential result of a price ceiling?
A) excess supply B) long lines C) higher quality output D) higher marginal costs
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What are the three sources of funding for the public sector? Can the government rely on all of these sources in the long run? Explain
What will be an ideal response?
Economics
In a closed economy, private saving is equal to which of the following? (Y = GDP, C = Consumption, G = Government purchases, T = Taxes, and TR = Transfers)
A) Y - C - T B) Y - G - T C) Y - G - T + TR D) Y + TR - C - T
Economics