Deadweight costs in an exchange are costs
A) charged for free goods.
B) imposed by government, such as taxes or safety requirements.
C) that have no effect on either the quantity demanded or the quantity supplied.
D) that have nothing to do with the sacrifice of valuable opportunities.
E) to the buyer that are not simultaneously benefits to the seller.
E
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Most people who earn the minimum wage are poor
Indicate whether the statement is true or false
If you have $1,000 and the Gross Domestic Product (GDP) deflator increases from 100 to 120, then
A) the $1,000 will buy 20 percent less of the goods and services produced by society. B) the $1,000 will buy 20 percent more of the goods and services produced by society. C) the value of the $1,000 increases. D) you will be able to buy fewer goods, but the real value of those goods will increase.