Producers' surplus is the difference between the price __________ receive for a good and the __________ price for which they would have __________ the good
A) sellers; maximum; sold
B) buyers; maximum; bought
C) sellers; minimum; sold
D) buyers; minimum; bought
C
You might also like to view...
According to data on GDP growth between 1980 and 2009
What will be an ideal response?
Which of the following government policies is not likely to reduce unemployment?
a) increasing payroll taxes b) making loans to the unemployed who wish to start businesses of their own c) providing retraining subsidies d) offering relocation assistance to the unemployed who find work out of town e) providing publicly funded job placement agencies
When the price level falls, the total quantities of goods and services demanded:
A. decrease. B. stay the same. C. increase. D. increases and then decreases.
There must always be a balance of a nation's
A. merchandise exports and gold imports. B. total international payments. C. imports and exports of goods and services. D. merchandise imports and exports.