The private sector balance equals
A) saving minus investment.
B) net taxes minus government expenditures.
C) investment minus saving.
D) net taxes plus government expenditures.
E) saving plus investment.
A
Economics
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In the figure above, suppose that $20 is the market equilibrium price. Which area is the consumer surplus?
A) A B) B C) A + B D) B - A E) B รท A
Economics
What is one reason activists might lobby the government to force firms to produce more output than they normally would in a perfectly competitive market?
A) They value consumer surplus more than producer surplus. B) They value producer surplus more than consumer surplus. C) They seek to avoid future regulation. D) They seek to minimize total surplus.
Economics