The SDR is equal in value to the U.S. dollar.

a. true
b. false

b. false

Economics

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The above figure shows the U.S. market for chocolate. With no international trade, consumer surplus is equal to ________ and producer surplus is equal to ________

A) area A + area B + area C + area D; area E B) area B + area C + area D; area A + area E C) area A; area E D) area C + area D; area B + area E E) area E; area A + area B + area C + area D

Economics

Which of the following changes is not a shifter of the demand for a particular food product?

A. Changes in price of that product. B. Changes in consumer income. C. Changes in relative prices of substitute items. D. Changes in consumer perceptions of that product.

Economics