In Figure 26.1, consumer surplus under monopoly is
A. FABE.
B. P1AB.
C. EBC.
D. FAC.
Answer: B
Economics
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A nation practicing mercantilism aims to
a. keep the government out of the economy. b. establish an excess of exports over imports. c. balance imports with exports. d. replace gold and silver with paper money. e. reduce the size of the military sector.
Economics
Income inequalities are greatest in
A. Countries with many factors of production. B. Rich countries. C. Poor countries. D. Highly developed countries.
Economics