Consumer surplus received from the purchase of a good is $300 . If the producer surplus received for the same good is $600, then the total surplus is $300
a. True
b. False
Indicate whether the statement is true or false
False
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Prices have soared for parking facilities in downtown Dallas in recent months. Pressure from voters has convinced the Dallas City Council to impose a price ceiling of $5 on all parking garages and lots per day. What effect will this likely have on the market for parking spaces in Dallas? Who will gain? Who will lose?
Bank A has checkable deposits of $800,000 and total reserves of $200,000. If the required reserve ratio is 0.11, the bank has required reserves of
A) $600,000. B) $88,000. C) $112,000. D) $22,000.
An increased gas tax would result in ______.
a. more congestion on the road b. fewer vehicles on the road c. increased negative externalities d. more miles driven
Which of the following is a type of command-and-control regulation?
A. A law requiring consumers of electronics to pay a tax according to the amount of toxic heavy metals in each item purchased B. A law setting the maximum allowable amount of sulfur dioxide (SO2) in a certain district, and auctioning off permits totaling the allowable tons of SO2 C. A law requiring coke ovens to be built in a certain way so as to restrict the amount of pollution they emit D. A law taxing users of fuels according to the carbon content in the fuel