At $30 each, Jack will buy 1 Blu-ray and at $25, he will purchase 2 . If the price is $20, Jack's consumer surplus is:

If a U.S. firm produces cars in Mexico, that production should count towards

A) Mexico's GNP. B) U.S. GDP. C) U.S. GNP. D) It will not affect either U.S. GNP or U.S. GDP.

The concept of economic rent is associated with the economist

A) Adam Smith. B) Karl Marx. C) David Ricardo. D) Henry George.