If a price ceiling is introduced in the market for milk below the market equilibrium price, then the producer surplus made by dairy farmers
A) will increase.
B) will decrease.
C) will not change.
D) might increase or decrease depending on whether the demand for milk increases or decreases.
E) might increase or decrease depending on whether the supply of milk decreases or increases.
B
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Which is NOT a weakness of the policy of mandatory separation of recyclables?
A) It actually pays people to use more recyclable material, and thus more material in total. B) It is costly for households in terms of time spent. C) It is costly for the government to monitor. D) Individuals may shift away from recyclable to non-recyclable materials just so they don't have to bother to separate them. E) Implementation is difficult and consumes household space.
Which of the following accurately describes how earnings from capital eventually get paid to households?
a. Households can own a stock of capital and rent it to firms. b. Households lend money to firms, who then pay interest to the households. c. Households that own stock in firms receive dividends. d. All of the above are correct.
Which of the following is included in the computation of gross domestic product?
(a) Government transfer payments, such as unemployment benefits (b) Purchases of used goods, such as used cars (c) Child care tasks performed by househusbands (d) Total value of business inventories (e) Additions to business inventories
The evidence to support economist de Soto's claim that a strong titling system would lead countries to increase their economic development is:
A. not important as in economics some theories don't require empirical evidence to be supported. B. strong and undisputed. C. absent, and his claims are unfounded. D. mixed and implies that such systems may be important with other factors present.