If you have $2 million in a CD at a commercial bank that is a member of the FDIC, how much of your funds are uninsured?

Deadweight loss measures the inefficiency as the loss of

A) consumer surplus only. B) consumer surplus minus producer surplus. C) consumer surplus plus producer surplus. D) producer surplus only.

An equilibrium price is unaffected by nonprice factors

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