Consider a market with a price ceiling. If the price ceiling is raised which of the following would happen?
a. The consumer surplus would increase, the producer surplus would decrease and the dead weight loss would decrease
b. The consumer surplus would increase, the producer surplus would decrease and the dead weight loss would increase
c. The consumer surplus, the producer surplus and the dead weight loss would all decrease
d. The consumer surplus, the producer surplus and the dead weight loss would all increase
e. The consumer surplus would decrease, the producer surplus would increase and the dead weight loss would decrease
E
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Which of the following government programs provides recipients with in-kind benefits?
a. Temporary Assistance to Needy Families (TANF). b. Social Security. c. The food stamp program (SNAP). d. Unemployment compensation.
Frequently, developing countries compete for foreign investment to be located in their countries. Which of the following are not something a developing country would likely offer?
A. A guaranteed low cost labor force B. The required infrastructure C. High environmental regulations D. Tax rebates or tax exemptions