The difference between the maximum amount buyers are willing to pay for a given quantity of a good and the amount actually paid is called
a. deadweight loss.
b. deadweight gain.
c. producer surplus.
d. consumer surplus.
d. consumer surplus.
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In preparing a statement of cash flows, sale of treasury stock at an amount greater than cost would be classified as a(n)
a. transfer activity. b. operating activity. c. investing activity. d. financing activity.
During the 1940s, the U.S. instituted a price support system for American potatoes. Congress had addressed the problems of agricultural imports in the Agricultural Act of 1948. The U.S. Secretary of State entered into an executive agreement with Canada that would permit only seed potatoes to be imported into the U.S. This agreement was not submitted to or approved by congress. A potato importer
imported potatoes into the U.S. for A & P grocery stores for resale. When the court tried this case brought by the U.S. against the importer: A) the court found for the importer because the executive agreement was entered into without Congressional approval. B) the court found for the U.S. because this was an executive agreement provided for by the president. C) the court used the "first in time rule" and found for U.S. since Congress and the president are equal. D) none of the above is correct in this situation.
By shopping around, a homeowner can probably avoid which of the following fees?
A) Title search B) Title insurance C) Appraisal fee D) Loan origination fee
Rights arbitration is generally used as the final step in the _____ process
A) ?recruitment B) renewal? C) ?termination D) ?grievance