Refer to Figure 4-1. If the market price is $2.00, what is Arnold's consumer surplus?
A) $0.50 B) $1.00 C) $1.50 D) $3.00
A
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If the base year for an index is 2005 and the value of the index in 2008 is 165.1, by what percent has the measure grown over those 3 years?
a. 165.1 percent b. 100.0 percent c. 6.51 percent d. 0 percent e. 65.1 percent
Which one of the following statements concerning the National Bank Act is not true?
a. It created a national banking system. b. It created the office of the Comptroller of the Currency. c. It required banks to provide financial reports to the Comptroller of the Currency. d. It created nationally chartered banks. e. It allowed banks to accept real estate as loan collateral.
Refer to the graph shown. An expansionary fiscal policy would be most appropriate when the economy is at point:
A. E. B. B. C. C. D. D.
Which of the following represents the use of fiscal policy to achieve a fiscal stimulus?
A. Greater government expenditure or higher taxes. B. Greater government expenditure or lower taxes. C. Lower government expenditure or lower taxes. D. Lower government expenditure or higher taxes.