Kurt Gerdenich receives a consumer surplus while buying eggplants at the farmer's market if
a. the value he places on the eggplants is less than their price
b. he gets a higher total utility from buying eggplants than from buying any other good
c. the price of eggplants is less than the price of other goods that he values the same as eggplants
d. only a few eggplants are available for sale
e. the value he places on eggplants is greater than their price
E
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Suppose the government increases government purchases and there is some crowding out. As a result
A) the rightward shift of the aggregate demand curve due to increased government purchases is reinforced by the crowding out effect. B) the rightward shift of the aggregate demand curve due to increased government purchases is offset to some degree by the crowding out effect. C) the rightward shift of the aggregate demand curve due to increased government purchases is completely offset by the crowding out effect. D) the aggregate demand curve shifts right due to increased government purchases and the short- run aggregate supply curve shifts left due to the crowding out effect.
Which Latin American country defaulted on loans in 2005 and paid off their creditors at only 1/3 value?
A) Argentina B) Brazil C) Chile D) Colombia E) Mexico