Consumer surplus received from the purchase of a good is $500 . If the producer surplus received for the same good is $600, then the total surplus is $1,100
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Recently the largest form of international investment funds for developing countries has been
A) foreign direct investments. B) World Bank loans. C) portfolio investments. D) bank loans.
Economics
The following graph shows the market equilibrium for corn in the United States. If the world price of corn is $2 and there are no trade restrictions, the United States will:
What will be an ideal response?
Economics
The perfect competitor shown in the graph is in the
A. short run making a profit.
B. short run taking a loss.
C. long run making a profit.
D. long run taking a loss.
Economics
A long-term loan that is given to a firm is known as a
A) share of stock. B) bond. C) dividend. D) random walk.
Economics