Under autarky, domestic producer surplus is represented by the area
A) above the supply curve and below the equilibrium price.
B) above the demand curve and below the supply curve.
C) above the supply curve and below the demand curve.
D) below the demand curve and above the equilibrium price.
A
Economics
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A foreign bank receives a deposit of $10,000 from a U.S. citizen. As a result, there is a net capital outflow from the U.S., if ________
A) the bank buys a U.S.-made computer B) the bank buys a bond issued by a U.S. company C) the bank keeps the $10,000 in a vault D) all of the above E) none of the above
Economics
In an open economy, the price of a bike is ________.
A. $140 B. $20 C. $40 D. $100
Economics