Moving production from a<br/>high-cost producer to a low-cost producer will (<br/>) A: lower total surplus. B: raise total surplus. C: lower producer surplus. D: raise producer surplus but<br/>lower consumer surplus.
Moving production from a<br/>high-cost producer to a low-cost producer will (<br/>) A: lower total surplus. B: raise total surplus. C: lower producer surplus. D: raise producer surplus but<br/>lower consumer surplus.
A tariff on a product ( ) A: enhances the economic well-being of the domestic economy. B: increases the domestic quantity supplied. C: increases the domestic quantity demanded. D: results in an increase in producer surplus that is greater than the<br/>resulting decrease in consumer surplus.
A tariff on a product ( ) A: enhances the economic well-being of the domestic economy. B: increases the domestic quantity supplied. C: increases the domestic quantity demanded. D: results in an increase in producer surplus that is greater than the<br/>resulting decrease in consumer surplus.
A monopolist with price discrimination will ( ) A: get lower profit than if the firm charged a single, profit-maximizing price. B: get higher welfare surplus than if the firm charged just one price. C: get higher profit than if the firm charged just one price. D: capture more consumer surplus.
A monopolist with price discrimination will ( ) A: get lower profit than if the firm charged a single, profit-maximizing price. B: get higher welfare surplus than if the firm charged just one price. C: get higher profit than if the firm charged just one price. D: capture more consumer surplus.
What is the total surplus of a market? A: the sum of consumer surplus and producer deficit B: the sum of consumer surplus and producer surplus C: the difference between the consumer surplus and producer surplus D: the difference between the highest price that a consumer is willing to pay and the lowest price that a producer is willing to sell
What is the total surplus of a market? A: the sum of consumer surplus and producer deficit B: the sum of consumer surplus and producer surplus C: the difference between the consumer surplus and producer surplus D: the difference between the highest price that a consumer is willing to pay and the lowest price that a producer is willing to sell
If the price of oak lumber increases, what happens to consumer<br/>surplus in the market for oak cabinets? () A: Consumer<br/>surplus increases. B: Consumer<br/>surplus decreases. C: Consumer<br/>surplus will not change consumer surplus; only producer surplus<br/>changes. D: Consumer<br/>surplus depends on what event led to the increase in the price of oak<br/>lumber.
If the price of oak lumber increases, what happens to consumer<br/>surplus in the market for oak cabinets? () A: Consumer<br/>surplus increases. B: Consumer<br/>surplus decreases. C: Consumer<br/>surplus will not change consumer surplus; only producer surplus<br/>changes. D: Consumer<br/>surplus depends on what event led to the increase in the price of oak<br/>lumber.
Over the last twenty years, the U.S. has generally had a current account ________ and a capital account ________. A: surplus, surplus B: surplus, deficit C: deficit, surplus D: deficit, deficit
Over the last twenty years, the U.S. has generally had a current account ________ and a capital account ________. A: surplus, surplus B: surplus, deficit C: deficit, surplus D: deficit, deficit
If a small country imposes a tariff on imported motorcycles ( ) A: the surplus of the domestic producers of motorcycles will decline, but the surplus of the domestic consumers will increase. B: the surplus of both the domestic producers and consumers of motorcycles will decline. C: the surplus of both the domestic producers and consumers of motorcycles will increase. D: the surplus of the domestic producers of motorcycles will increase, but the surplus of the domestic consumers will decline.
If a small country imposes a tariff on imported motorcycles ( ) A: the surplus of the domestic producers of motorcycles will decline, but the surplus of the domestic consumers will increase. B: the surplus of both the domestic producers and consumers of motorcycles will decline. C: the surplus of both the domestic producers and consumers of motorcycles will increase. D: the surplus of the domestic producers of motorcycles will increase, but the surplus of the domestic consumers will decline.
中国大学MOOC: A nation is a(n) __________ if it’s current account is in surplus.
中国大学MOOC: A nation is a(n) __________ if it’s current account is in surplus.
Producer surplus
Producer surplus
Producer surplus is
Producer surplus is