If the MPS is 0.1 and the income tax rate is 0.33, and the fraction of income spent on imports is 0.25, then the multiplier is

The above figure shows the U.S. market for chocolate. With no international trade, consumer surplus is equal to

A) area A + area B + area C + area D. B) area A. C) area B + area C + area D. D) area C + area D. E) area E.

In reality, the long-run supply curve for a perfectly competitive market is upward sloping because:

A. of changing costs of production that firms may face. B. not all firms have identical cost structures. C. experienced firms will have different information and costs than new firms. D. All of these are true.