Refer to the table above. When the price is ________ and the quantity is ________, social surplus is maximized

A) $8; 5 units
B) $6; 4 units
C) $4; 4 units
D) $2; 8 units

C

Economics

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Consumption goods

A) include spending on machines and buildings so that goods can be produced in the future. B) are goods that are used to make other goods. C) include goods such as DVDs that firms hold in inventory. D) are only the goods bought by households for immediate satisfaction.

Economics

The potential for a financial breakdown at one financial institution to spread throughout the financial system is known as a

A) lending risk. B) systemic risk. C) moral hazard. D) liquidity risk.

Economics