Maximizing surplus in a market depends not only on the amount bought and sold, but also on:
A. what those consumers do with it.
B. how productive the sellers are.
C. who buys and sells it.
D. None of these statements is true.
C. who buys and sells it.
Economics
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Of the $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009, the largest spending increase occurred in which category?
A) health care, social services, and education B) transportation and housing C) energy and the environment D) military, veterans, and homeland security
Economics
What is accounting profit?
A) gross revenue minus explicit and implicit costs B) the same as economic profit C) gross revenue minus implicit costs D) gross revenue minus explicit costs
Economics