Elvis loves steak. Suppose he values the first steak sandwich he eats at $5, the second at $4.50, and the third at $4 . If he buys the 3-for-$4 special, his consumer surplus is

Per capita GNP and quality-of-life are the only ways to determine a country's level of economic development

a. True b. False Indicate whether the statement is true or false

According to economists, which of the following acts was partially responsible for the Great Depression of the 1930s?

a. The Robinson-Patman Act b. The National Recovery Act c. The Smoot-Hawley Tariff Act d. The Sarbanes-Oxley Act e. The Sherman Antitrust Act