Liam is willing to cut lawns for a minimum of $200 a week. He is, however, paid $250 for the same service by a lawn maintenance company. This is an example of

a. consumer surplus.
b. employment discrimination.
c. producer surplus.
d. the derivation of accounting profit.

C

Economics

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The federal government has a Constitutional requirement to operate a balanced budget each fiscal year

Indicate whether the statement is true or false

Economics

Examples used in the text to illustrate "competition among the few" include all of the following industries except

a. cereal b. airline c. fish d. automobile e. baby food

Economics