A producer surplus is a ______.
a. net loss
b. net benefit
c. form of taxation
d. form of subsidy
b. net benefit
You might also like to view...
Low labor standards are usually associated with
A) nondemocratic governments. B) high-income countries. C) high-wage countries. D) low foreign investment.
The present value of $1 payable in the future decreases:
a. the higher r is and the sooner it is to be paid. b. the lower r is and the sooner it is to be paid. c. the higher r is and the longer time until it is paid. d. the lower r is and the longer time until it is paid.
A company _____ benefit from related industries that are internationally competitive and can spill over into the company.
Fill in the blank(s) with the appropriate word(s).
Becoming better at a task the more often you perform is referred to as:
A. economies of performance. B. learning by doing. C. inherent advantage. D. economies of scope.