The above figure shows the U.S. market for replacement cell phone batteries. Area E is the
A) producer surplus when there is free trade.
B) deadweight loss from tariff.
C) tariff revenue.
D) increase in producer surplus due to the tariff.
E) gain in total surplus due to the tariff.
A
Economics
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In Griggs v. Duke Power Company, the Supreme Court allowed intelligence tests by employers to screen potential workers
Indicate whether the statement is true or false
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Which of the following people would be classified as fictionally unemployed?
a. Computer programmers who lost their jobs because of a recession. b. Construction workers who are on temporary layoff. c. Elementary school teachers who do not have summer jobs. d. Textile workers who lost their jobs because of new foreign competition.
Economics