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
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Othmer’s Equilibrium Still Schematic Diagram
Government Corruption versus GDP per Capita, 2009
American Government: Roots and Reform, 2009 Edition
Intervention for Troubled Teens
What will be the pH of the solution once equilibrium is established?