Use the figure below to answer the following question. 
At equilibrium, economic surplus is represented by the area
A. b + c.
B. b.
C. a.
D. a + b.
Answer: D
Economics
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In the figure above, suppose the market is at equilibrium. Then area A is the
A) marginal benefit. B) marginal cost. C) amount of the consumer surplus. D) amount of the producer surplus. E) deadweight loss.
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Payroll taxes levy taxes on ________
A) consumption B) imports C) wages D) exports
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Any item can successfully serve as money
a. True b. False Indicate whether the statement is true or false
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Supply-side tax cuts are more likely to have the intended beneficial effect on
a. budget deficits. b. consumer spending. c. investment spending. d. net exports.
Economics