The difference between producer surplus and profit is always the associated
A) opportunity costs.
B) total costs.
C) variable costs.
D) fixed costs.
D
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Restructuring social security benefits might stimulate economic growth; however, we must consider the cost of this action, which is
a. adequate benefits for everyone except those who originally needed social security b. an increased burden on other social programs such as food stamps c. a reduction in saving d. a reduction in other governmental programs e. a movement of the production function to the left
A switch from a? pollution-tax policy to a? uniform-reduction policy will shift the supply curve of the polluting product upward and increase the equilibrium price.
A switch from a? pollution-tax policy to a? uniform-reduction policy will shift the supply curve of the polluting product
and
the equilibrium price.
In 2009, the U.S. households had spent the majority of their personal income on:
a. nondurable goods. b. savings and investment. c. durable goods. d. services.
If a bond's rating improves, we would expect:
A. the demand for and the yield of this bond to increase, all other factors constant. B. both the demand for and the price of the bond to decrease, all other factors constant. C. the demand for this bond to increase, all other factors constant. D. the demand for this bond to decrease, and its yield to increase, all other factors constant.