Refer to the graph shown. If the price were at the market equilibrium price, the total surplus would be the combination of the areas:

A. A, B, and E.
B. A through F.
C. A through D.
D. E and F.


Answer: B

Economics

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Which of the following is not a category of state and local government outlays?

A) purchases of goods and services B) grants in aid C) transfer payments D) interest payments

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Which of the following is true of credit cards? a. They have eliminated the use of money

b. They are currently the most popular means of payment in the United States. c. They are included in the narrow definition of money, M1. d. They are near-monies. e. They are used to postpone the payment of money.

Economics

Investment is considered to be negatively correlated with current real GDP

a. True b. False Indicate whether the statement is true or false

Economics