Fiscal policy has a greater impact in a closed economy than it ...

[cmoore54]

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.

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Answer to Question 1

TRUE

Answer to Question 2

C