Producer and consumer surpluses are measures of:
A. industry performance.
B. firm conduct.
C. market structure.
D. None of the answers are correct.
Answer: A
You might also like to view...
The income effect of a wage increase:
a. results in an increase in the quantity of labor supplied. b. results in a decrease in the quantity of labor supplied. c. has no impact on the quantity of labor supplied d. results in a decrease in the quantity of leisure enjoyed.
Tariff protection
a. encourages the optimum use of scarce resources. b. has no impact on use of scarce resources. c. prevents the optimum use of scarce resources. d. eliminates the scarcity of resources.
The national manifest system,
a. tracks only the most toxic hazardous wastes b. tracks hazardous and nonhazardous wastes from the point of generation to disposal c. was eliminated with the 1984 RCRA amendments d. is a market-based approach aimed at achieving an efficient solution e. none of the above
During a bank run, depositors decide to hold more currency relative to deposits and banks decide to hold more excess reserves relative to deposits
a. Both the decision to hold relatively more currency and the decision to hold relatively more excess reserves would make the money supply increase. b. Both the decision to hold relatively more currency and the decision to hold relatively more excess reserves would make the money supply decrease. c. The decision to hold relatively more currency would make the money supply increase. The decision to hold relatively more excess reserves would make the money supply decrease. d. The decision to hold relatively more currency would make the money supply increase. The decision to hold relatively more excess reserves would make the money supply decrease.