At market equilibrium, the total benefit that results from all the transactions is
A. the sum of the producer surplus and the consumer surplus.
B. the consumer surplus minus the producer surplus.
C. the entire area under the demand curve up to the quantity exchanged.
D. the producer surplus minus the consumer surplus.
Answer: A
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The data in the table above are the U.S. balance of payments. If there is no statistical discrepancy, what is the balance in the official settlements account?
A) $150 billion B) -$150 billion C) $50 billion D) $0
The collapse of the Bank of Credit and Commerce International, BCCI, showed the difficulty of international banking regulation. BCCI operated in more than ________ countries and was supervised by the small country of ________
A) 70, Luxembourg B) 100, Monaco C) 70, Monaco D) 100, Luxembourg
Consolidation or cooperation frequently occurs in the public sector. Give some reasons why local governments consolidating or cooperating through special districts might be problematic
What will be an ideal response?
Total state and local government spending in 2007 was
a. less than $100 billion b. approximately $500 billion c. nearly $1.9 trillion d. approximately $10 trillion e. more than $25 trillion