Given the scenario described, if the market price of hammers was $12, then total producer surplus would be:

Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13.

A. $7.
B. $9.
C. $17.
D. $30.


A. $7.

Economics

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In a world with few impediments to capital mobility, the domestic interest rate equals the sum of the foreign interest rate and the expected depreciation of the domestic currency, a situation known as the

A) interest parity condition. B) purchasing power parity condition. C) exchange rate parity condition. D) foreign asset parity condition.

Economics

A merger between two firms in a supplier-purchaser relationship is called a vertical merger

Indicate whether the statement is true or false

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Answer the question based on the following information on the banking system. Deposits at the central bank = 200 U.S. Government Securities = 600 Checking Deposit = 1,700 Loans = 800 Stockholder's Equity = 70 Other Assets = 450 Other Liabilities = 230 Borrowing from the central bank = 100 Cash in the Vault = 50 The reserve ratio on checking accounts = 10% The monetary base:

a. cannot be determined from this information b. equals $250 c. equals $134 d. equals $2,100 e. none of the above

Economics

If England uses one week’s time to produce 10 yards of cloth or 2 barrels of wine and Portugal uses one week’s time to produce 12 yards of cloth or 6 barrels of wine, then England has a comparative advantage in the production of cloth.

Answer the following statement true (T) or false (F)

Economics