What must be true for a producer to obtain a producer surplus from the sale of a unit of a good?
What will be an ideal response?
The price must be greater than the marginal cost of producing the good.
Economics
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The official settlements account contains data on
A) trade complaints that are officially settled. B) capital imports and exports. C) official reserves. D) officials' expenses. E) official governmental complaints between countries.
Economics
When economy-wide business activities are increasing, they are referred to as
A) contractions. B) expansions. C) anti-cycles. D) corrections.
Economics