When asked to reveal their true preferences people
A. always tell the truth.
B. never tell the truth.
C. sometimes tell the truth.
D. generally don't know what preferences are.
C. sometimes tell the truth.
Economics
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Consumer surplus is equal to
A) marginal benefit minus price summed over the quantity consumed. B) price minus marginal benefit summed over the quantity consumed. C) marginal benefit summed over the quantity consumed. D) price multiplied by the quantity consumed. E) marginal benefit plus price summed over the quantity consumed.
Economics
Over the last half-century, which of the following countries has had the highest growth rate of output per capita?
A) Japan B) France C) United Kingdom D) United States
Economics