If a buyer enjoys a consumer surplus of $25 when he purchases a good for $50, his willingness to pay for the good is ________

Which factor of production is paid "interest"?

A) land B) labor C) capital D) entrepreneurship E) human capital

Unemployment and inflation are:

A) not relevant in the U.S. economy today. B) major topics in macroeconomics. C) unique only to capitalistic economies. D) very important in the study of microeconomics.