Author Question: In the United States the assignment of tasks and distribution of benefits A) is determined by ... (Read 22 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
In the United States the assignment of tasks and distribution of benefits
 
  A) is determined by business firms.
  B) is determined democratically.
  C) is negotiated among potential buyers and potential sellers.
  D) leaves all parties free to do as they prefer.
  E) rests upon the principle of consumer sovereignty.

Question 2

In the figure above, the dark triangle is the
 
  A) consumer surplus.
  B) deadweight loss.
  C) producer surplus.
  D) total cost.
  E) economic profit.



briezy

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...

For a complete list of videos, visit our video library