Assume Congress holds a hearing on the impact of gasoline prices on the price of corn. Most likely, this hearing will be
A) a partial equilibrium analysis.
B) a general equilibrium analysis.
C) about consumer rather than producer surplus.
D) an analysis of efficiency.
A
Economics
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Describe how a lender can lose during inflation if the inflation is unanticipated and the loan is a fixed-interest-rate loan. How would a variable-interest-rate loan (one that adjusts over the contract period) eliminate these loses?
What will be an ideal response?
Economics
The answer is: "It allows the inhabitants of a country to consume at a level beyond its production possibilities frontier." What is the question?
A) What do newly discovered resources do? B) What does technology do? C) What does specialization and international trade do? D) What does specialization do? E) a and b
Economics