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.
Producer surplus
Producer surplus
Producer surplus is
Producer surplus is
【单选题】If the price decreases in a country, what will happen? ( ) A. consumer surplus declines B. consumer surplus rises C. producer surplus declines D. both B and C A. consumer s
【单选题】If the price decreases in a country, what will happen? ( ) A. consumer surplus declines B. consumer surplus rises C. producer surplus declines D. both B and C A. consumer s
When a country faces a current account surplus, theoretically it also faces A: a services trade deficit B: a capital and financial account deficit C: a capital and financial account surplus D: a services trade surplus
When a country faces a current account surplus, theoretically it also faces A: a services trade deficit B: a capital and financial account deficit C: a capital and financial account surplus D: a services trade surplus
A tariff is imposed on a good. This will ________ the domestic producer surplus, ________ the domestic consumer surplus, and ________ total surplus in the home country. A: increase; decrease; decrease B: increase; decrease; increase C: increase; remain unchanged; increase D: increase; increase; increase
A tariff is imposed on a good. This will ________ the domestic producer surplus, ________ the domestic consumer surplus, and ________ total surplus in the home country. A: increase; decrease; decrease B: increase; decrease; increase C: increase; remain unchanged; increase D: increase; increase; increase
A country experiencing a current account surplus:
A country experiencing a current account surplus: