Producers' surplus is the difference between the price
A) sellers receive for a good and the maximum price they would have paid for the good.
B) sellers receive for a good and the minimum price for which they could have sold the good.
C) buyers pay for a good and the maximum price they would have paid for the good.
D) buyers pay for a good and the minimum price for which they would have sold the good.
B
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The Glass-Steagall Act
A) was passed in response to the financial crisis of 2007-2009. B) requires that CEO's personally certify the accuracy of financial statements. C) prevented financial firms from being both commercial banks and investment banks. D) all of the above
Which of the following would be considered leisure?
a. picking strawberries for your own use b. running a 10-mile training session c. studying for a college mathematics class d. changing the oil and oil filter on your car e. weeding your garden
Other things the same, an increase in the budget deficit
a. shifts the demand for loanable funds right, so the interest rate rises. b. shifts the demand for loanable funds left, so the interest rate falls. c. shifts the supply of loanable funds right, so the interest rate falls. d. shifts the supply of loanable funds left, so the interest rate rises.
The $840 billion package of both spending increases and tax cuts passed in 2009 was known as ______.
a. the Affordable Care Act b. the American Recovery and Reinvestment Act c. the Kennedy Tax Cuts d. the Reagan Growth Initiative