Refer to the figure above. The region ________ shows the producer surplus after the imposition of the tax
A) JBHF
B) JBF
C) JBC
D) HAI
B
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Which of the following are financial intermediaries?
a. both banks and mutual funds b. banks but not mutual funds c. mutual funds but not banks d. neither banks or mutual funds
Which of the following statements is most correct?
A. Stockholders have unlimited liability and can dislodge members of the board of directors. B. Stockholders can dislodge the managers of the corporation but not the board of directors. C. Stockholders have limited liability and have no control over corporate leadership. D. Stockholders can dislodge members of the board and have limited liability.
Which of the following would most likely cause consumption to increase?
A. the stock market crashes B. a price ceiling is placed on the interest rate that credit card companies can charge C. inflationary expectations rise D. the market for consumer durables becomes saturated
Why does the opportunity cost of producing a good rise as more resources are devoted to producing that good?
What will be an ideal response?