The figure illustrates the market for bagels. If the number of bagels is increased from 20 to 30 an hour, consumer surplus plus producer surplus ________ and deadweight loss is ________
A) decreases; negative
B) decreases; positive
C) increases; positive
D) increases; negative
B
Economics
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The expenditure line in the aggregate expenditures diagram represents the
A. relationship between expenditure and output. B. equilibrium condition that Y = AE. C. equilibrium condition that Y = Y*. D. relationship between consumption and disposable income.
Economics
A country in autarky does not trade
Indicate whether the statement is true or false
Economics
Each Federal Reserve Bank
a. is directly responsible to the U.S. president. b. is controlled by its own Board of Governors. c. lacks autonomy. d. handles a district of equal geographic size.
Economics
Figure 17-10
Refer to . Producer surplus with the tariff is
a.
G.
b.
C + G.
c.
A + C + G.
d.
A + B + C + G.
Economics