Brock is willing to pay $400 for a new suit, but he is able to buy the suit for $250 . His consumer surplus is
a. $650.
b. $150.
c. $250.
d. $400.
b
Economics
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Technically, the accelerator relates the level of an economy's investment to the change in its
a. level of national income b. economic growth rate c. ratio of saving to personal income d. ratio of investment to personal income e. rate of depreciation of capital stock
Economics
Which of the following forms of money is the least liquid?
A. dollars B. checking account deposits C. passbook savings D. certificates of deposit
Economics