For a rational consumer, the consumer's surplus will never be a negative number
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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In the United States, the highest percentage of health care is paid for by:
a. individuals. b. charities. c. private insurance. d. the government.
Economics
If protective import-restricting tariffs are imposed by a country, in the majority of cases that nation's producers end up
A) receiving a higher price for the good than they otherwise would. B) receiving a lower price for the good than they otherwise would. C) producing less of the good than they otherwise would. D) receiving a lower profit for the domestic good than they otherwise would.
Economics