In the figure above, international trade ________ total surplus in the United States by ________
A) increases; $1.92 billion
B) decreases; $2.56 billion
C) increases; $4.8 billion
D) decreases; $3.6 billion
A
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Refer to Figure 4-3. If the market price is $2.50, what is the consumer surplus on the second ice cream cone?
A) $0.50 B) $1.50 C) $3.00 D) $10.50
In most state-run lotteries,
a. the winner receives a single lump-sum payment b. the present value of the winnings is less than the number of dollars won c. the present value of the winnings exceeds the number of dollars won d. winners are paid the present value of the total amount won e. winners are paid only in the distant future
Because a union is a form of monopoly, it must be concerned about the ________ slope of the demand curve for labor.
A. vertical B. downward C. horizontal D. upward
A U.S. company uses U.K. pounds it already owned to purchase bonds issued by a company in the U.K. Which of these countries has an increase in net capital outflow?
a. The U.S. and the U.K. b. The U.S. but not the U.K. c. The U.K. but not the U.S. d. Neither the U.S. nor the U.K.