Refer to Figure 9-5. The loss in domestic consumer surplus as a result of the tariff is equal to
A) $5 million. B) $19.875 million. C) $24.875 million. D) $31.125 million.
D
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How can a consumer's demand for a good be derived using indifference curve analysis?
What will be an ideal response?
In the above table, the trade balance on goods and services for Country X is ________ billion dollars
A) +25 B) -100 C) +100 D) -25
Which of the following will decrease aggregate demand?
a. An increase in government expenditure b. An increase in consumption c. An increase in investment spending d. An increase in imports
Pat earns $25,000 per year (after taxes), and Pat's spouse, Chris, earns $35,000 (after taxes). They have two pre-school-aged children. Childcare for their children costs $12,000 per year. Given that Chris doesn't want to stay home with the kids, regardless of what Pat does, Pat should stay home with the kids if, and only if, the value of Pat spending more time with the kids is greater than:
A. $13,000 per year. B. $37,000 per year. C. $25,000 per year. D. $12,000 per year.