Multinational companies can easily apply identical production methods in different countries and obtain the same results

A per unit subsidy increases both consumer and producer surplus, but results in a deadweight loss

Indicate whether the statement is true or false

Your cellular phone contract is due for renewal and the company offers you a new free phone. Since you want to use your new phone, you decide to recycle your old phone. Your action

a. Creates wealth by moving the phone from lower value use to higher value use b. Destroys wealth since you lose your phone c. Creates wealth by making you feel richer d. All of the above