The introduction of a subsidy in a perfectly competitive marketplace that is originally in equilibrium will raise total surplus
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Of the sources of external funds for nonfinancial businesses in the United States, loans from banks and other financial intermediaries account for approximately ________ of the total
A) 6% B) 40% C) 56% D) 60%
If the price of bubble gum changed in the market from 1 cent to 1.5 cents and Joe's Market didn't change the price it charges for the bubble gum, this behavior is likely due to
A) discretionary policy. B) economic laziness. C) large menu costs. D) small menu costs.
When family incomes are ranked from lowest to highest, the middle income is known as the
a. median income b. mean income c. means-tested income d. official poverty level e. transfer income
The sum of the components of aggregate expenditure that vary with real GDP is called
What will be an ideal response?