Frieda is at her local florist to buy a dozen roses. She is willing to pay $75 for the roses, and buys them for $75. Frieda's consumer surplus from the purchase is

Signaling is the attempt by the uninformed side of the market to uncover the relevant but hidden characteristics of the informed party

a. True b. False

If the government undertakes expansionary fiscal policy, it might:

A. increase income taxes. B. decrease income taxes. C. decrease government spending. D. increase corporate income taxes.