Points inside the PPF are all
A) unaffordable.
B) attainable and have some unemployed resources.
C) unattainable and have some unemployed resources.
D) attainable and have fully employed resources.
E) unattainable and have fully employed resources.
B
Economics
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Jane is willing to pay $50 for a pair of shoes. The actual price of the shoes is $30. Her consumer surplus on this pair of shoes is
A) $20. B) $50. C) $30. D) $80.
Economics
One advantage of a negative income tax is _____
a. it minimizes the deadweight loss from taxation b. leisure becomes an inferior good c. it is identical to an in-kind payment in terms of utility d. it is easy to administer
Economics