A perfectly discriminating monopolist converts every dollar of producer surplus into economic profit

Most of us are dependent on crude oil in some shape or way, whether it's to power our cars or to heat our homes in some parts of the country. More than 80 percent of the home heating oil used in the United States goes to the Northeast

It is suggested that there needs to be government regulation to make it illegal to charge a very high price for oil. This type of regulation would be a ________. A) price ceiling B) price floor C) shortage regulation D) tax incidence

The part of the balance of payments that records purchases of assets a country has made abroad and foreign purchases of assets in the country is the

A) capital account. B) current account. C) financial account. D) statistical discrepancy account.