George produces cupcakes. His production cost is $10 per dozen. He sells the cupcakes for $16 per dozen. His producer surplus per dozen cupcakes is

According to Laffer (of the Laffer curve), the Kemp-Roth tax cut of 1981 should have caused

a. tax revenue to rise, and it did b. tax revenue to fall, and it did c. people to increase saving, and it did d. people to increase consumption spending, but it didn't e. tax revenue to rise, but it didn't

When a country allows trade and becomes an exporter of a good,

a. the gains of the domestic producers of the good exceed the losses of the domestic consumers of the good. b. the gains of the domestic consumers of the good exceed the losses of the domestic producers of the good. c. the losses of the domestic producers of the good exceed the gains of the domestic consumers of the good. d. the losses of the domestic consumers of the good exceed the gains of the domestic producers of the good.