In the above figure, if the quantity is equal to 500,000 units, the deadweight loss is equal to
A) area C.
B) area D + area I.
C) area B + area F.
D) area G + area H.
E) None of the above answers is correct because the deadweight loss is equal to zero.
C
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Which of the following statements about checkable deposits is correct?
A) Checkable deposits are a larger fraction of banks' funds today than in 1973. B) Checkable deposits are a smaller fraction of banks' funds today than in 1973. C) All checkable deposits pay interest. D) No checkable deposits pay interest.
Figure 2-7
Which of the following could explain the shift in the production possibilities frontier shown in from AC to AB?
a.
technical improvements in both petroleum and clothing production
b.
a productive improvement in clothing production that has no effect on petroleum production
c.
a decrease in the size of the labor force that can produce either petroleum products or clothing
d.
major oil reserves in Alaska are declared off-limits to producers in order to protect the environment
e.
major oil reserves are discovered off the coast of Africa