Which area in the above figure equals the producer surplus under perfect price discrimination?
A) A + B + C + D + E + F + G + H + I + J + K + L
B) A + B + C + D + E + F + G + H + I + J + K
C) A + B + C + D + E + F + G + H
D) C + D + E + F + G + H
C
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The name of the rate that equalizes the prices of internationally traded goods between countries is called the
a. international interest rate. b. arbitrage rate. c. purchasing power parity rate. d. foreign exchange rate.
Incorporating the Phillips curve into the aggregate supply curve
a. lengthens the horizontal segment and shortens the vertical b. lengthens the vertical segment and shortens the horizontal c. creates an upward-sloping segment after the vertical and before the horizontal segments d. creates an upward-sloping segment after the horizontal and before the vertical segments e. creates a downward-sloping segment after the horizontal and before the vertical segments
In a market economy, incomes would be very equal if there was no discrimination
a. True b. False Indicate whether the statement is true or false
If a team from the NFC wins the Superbowl, we can accurately predict
a. the stock market will end the year higher than it started. b. the stock market will end the year lower than it started. c. the stock market will rise, then fall, and end the year unchanged. d. nothing about future stock prices.