When the market is in equilibrium, with no government intervention,
a. Total surplus is minimized
b. Total surplus is maximized
c. Government maximizes total revenue
d. None of the above
Question 2
Your cellular phone contract is due for renewal and the company offers you a new free phone. Since you want to use your new phone, you decide to recycle your old phone. Your action
a. Creates wealth by moving the phone from lower value use to higher value use
b. Destroys wealth since you lose your phone
c. Creates wealth by making you feel richer
d. All of the above
Mitigation or adaptation, or intervention
American Government: Roots and Reform, AP* Edition, 12th Edition
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
What would be the appropriate equilibrium temperature of a system obtained by adding 25.0 g of ...
The Hardy–Weinberg equilibrium for autosomal genes
The Hardy–Weinberg equilibrium for two autosomal alleles.