Which of the following is not included in national income?

Buyers receive a consumer surplus when the price exceeds the marginal benefit

Indicate whether the statement is true or false

Which of the following scenarios would prompt producers to supply less now than they otherwise would have?

a. Producers expecting a higher price in the future b. Producers expecting prices to remain unchanged c. Producers expecting a lower price in the future d. Producers expecting prices to be volatile

A tax system in which the tax rate on everyone's first $10,000 of income is 10 percent, the tax rate on everyone's second $10,000 of income is 15 percent, and the tax rate on all income over $20,000 is 25 percent is a(n)

a. proportional tax b. equitable tax c. head tax d. unit tax e. progressive tax

Under the cartel, the market quantity is Figure 42.2 

A. Q1. B. Q2. C. Qa. D. Qb.