Author Question: In the United States the assignment of tasks and distribution of benefits A) is determined by ... (Read 21 times)

Kthamas

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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

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Answer to Question 1

C

Answer to Question 2

A



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