Just like other scientific models, economic models simplify reality using

assumptions.

Economics

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Refer to Figure 9.2. At price 0H and quantity Q1, consumer surplus is the area

A) EDGF. B) 0FGQ1. C) HFGB. D) EFC. E) none of the above

Economics

Which of the following statements about the Supplemental Security Income (SSI) program is FALSE?

A) It is designed to establish nationwide minimum incomes for the aged, the blind, and the disabled. B) Benefits are based on need. C) Recipients who receive benefit payments under Social Security are also eligible for SSI. D) It covers children and individuals with mental disabilities, including drug addicts and alcoholics.

Economics