The difference between the minimum price the producer is willing to accept and the price the producer actually receives for a product is referred to as:
a. market surplus

Assume consumer demand for CD-ROMs increases. The result is a(n):

a. increase in derived demand for workers in the CD-ROM industry. b. increase in the marginal revenue product of firms in the CD-ROM industry. c. rightward shift in the market demand for labor curve in the CD-ROM industry. d. all of these. e. none of these.

Which of the following federal agencies is engaged in social regulation?

A) Equal Employment Opportunity Commission B) Office of the Comptroller of the Currency C) the Securities and Exchange Commission D) Federal Deposit Insurance Corporation