_______ status is given if an organization has a cultural, artistic, educational, or other public benefit.

Refer to Figure 4-3. If the market price is $2.50, what is Kendra's consumer surplus?

A) $9.00 B) $7.50 C) $1.50 D) $0

Economists define investment as the purchase of

A) a new physical asset such as a new machine or a new house. B) any physical asset, whether new or not, used by business to increase production. C) any physical asset used by business to increase production and the repurchase of common stock. D) business spending on capital and household spending on durable goods.