If you are willing to purchase a house for $300,000 and you purchase the house for $275,000 . this transaction will generate:
a. There is no surplus created
b. $25,000 worth of seller surplus and unknown amount of buyer surplus
c. $10,000 worth of buyer surplus and $15,000 of seller surplus
d. $25,000 worth of buyer surplus and unknown amount of seller surplus
d
Economics
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In developing nations, the combined rate of urban and rural unemployment or underemployment is about
a. 1 percent b. 10 percent c. 20 percent d. 30 percent e. 80 percent
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Changes in business inventories are counted as part of gross private domestic investment
Indicate whether the statement is true or false
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