The units for CS and PS are:
A) Units
B) USD/unit
C) USd
D) It depends on the situation
Correct Answer:
Verified
Q14: Welfare economics is:
A) Giving money to poor
Q15: consumer surplus measures all except:
A) The surplus
Q16: Producer surplus measures all except:
A) The surplus
Q17: If consumer willingness to pay equals 5
Q18: If price received equals 5 USD/unit and
Q20: All government policies and programs result in:
A)
Q21: Who benefits from a price ceiling:
A) Producers
B)
Q22: Two measures of the overall size of
Q23: GDP measures:
A) The value of all expenditures
Q24: NI measures:
A) The value of all expenditures
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