Use the following diagram to answer the next question. We observe that the economy has moved from NX1 to NX3. This could have happened because ________.

Refer to Figure 4-1. If the market price is $2.00, what is the consumer surplus on the first burrito?

A) $0.50 B) $1.00 C) $2.00 D) $7.50

Assuming wages are indexed to inflation, if prices rose by 1.4 percent this month and your last month's wage was $1,000, your wage this month would be $1,014

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