Suppose that in an effort to help single parents, the government decides to pay part of the cost of childcare. This measure would increase ________ in the market for childcare.

A. producer surplus
B. total economic surplus
C. efficiency
D. consumer surplus


Answer: D

Economics

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A person who has not worked in six months and has given up looking for work is officially classified as

A. employed. B. unemployed. C. discouraged. D. in the labor force.

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Points on the production possibilities frontier have the property that they

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The American Economic Association limiting its presidential vote to only one candidate is an example of agenda control

a. True b. False

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