According to the graph shown, total surplus is area:
A. A + B + C.
B. B.
C. A.
D. A + B.
D. A + B.
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A document that promises to pay specified sums of money on specified dates and is a debt to the issuer is called
A) a bond. B) depreciation. C) a stock. D) net investment. E) gross investment.
What did Adam Smith identify as the source of the invisible hand in 1776?
A) a benevolent central government that decided was best for everyone B) an individual's concern for fellow humans C) an individual's own self-interest D) the stock market E) buyers' and suppliers' concerns to obtain and retain good reputations
Which of the following is not an example of a compensating differential? Job A pays more than Job B because Job A requires
a. more international travel to dangerous locations. b. two night shifts per month. c. careful handling of toxic chemicals. d. an advanced degree.
The opportunity cost of postponing income to some future time depends on the interest rate.
Answer the following statement true (T) or false (F)