Tina Makumbi imports sesame oil from Ethiopia and sells to a market that has a downward sloping demand curve.The demand curve indicates that some consumers are willing to pay $1.50 or more per pound for the first few pounds, but every consumer gets to buy at the market clearing price of $0.50 per pound. The difference between the most that consumers would pay and the actual amount they do pay is
called
a. exporter surplus
b. trade balance
c. producer surplus
d. consumer equilibrium
e. consumer surplus
E
Economics
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Using the Gordon growth formula, if D1 is $2.00, ke is 12% or 0.12, and g is 10% or 0.10, then the current stock price is
A) $20. B) $50. C) $100. D) $150.
Economics
The difference between asymmetric and symmetric shocks is that:
A) the former results in no conflicts in policy goals between countries. B) the latter results in policy conflicts between countries. C) the latter results in identical policies being implemented. D) the former is favored over the latter.
Economics
Product differences are ___________ physical.
Fill in the blank(s) with the appropriate word(s).
Economics
How much is the APS when disposable income is $8 trillion?
Economics