Refer to the figure above. If a price control is imposed at $8, what is the new consumer surplus in the market?
A) $115
B) $125
C) $130
D) $175
C
Economics
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The above figure shows the production possibility frontier for a country. What is the opportunity cost per ton of rice to move from point D to E?
A) 3000 bottles of wine B) 333 bottles of wine C) 3 bottles of wine D) 1/3 of a bottle of wine E) None of the above answers is correct.
Economics
Analysis of U.S. growth rates shows that growth rate of output tends to be highest in which year of a presidential administration?
A) the first B) the second C) the third D) the fourth
Economics