Author Question: Fiscal policy has a greater impact in a closed economy than it does in an open economy. Indicate ... (Read 198 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
Fiscal policy has a greater impact in a closed economy than it does in an open economy.
 
  Indicate whether the statement is true or false

Question 2

Consumer surplus in a market for a product would be equal to the area under the demand curve if
 
  A) the product was produced in a perfectly competitive market.
  B) marginal cost was equal to the market price.
  C) the market price was zero.
  D) producer surplus was equal to zero.


cloud

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

TRUE

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

For a complete list of videos, visit our video library