Author Question: Around 2/3 of poor female-headed families with children receive earnings from working. Indicate ... (Read 88 times)

eruditmonkey@yahoo.com · **on:** Jul 1, 2018

Around 2/3 of poor female-headed families with children receive earnings from working.

Indicate whether the statement is true or false

Question 2

Suppose that the competitive market for rice in Japan was suddenly monopolized. The effect of such a change would be:

A) to decrease the price of rice to the Japanese people.
B) to decrease the consumer surplus of Japanese rice consumers.
C) to decrease the producer surplus of Japanese rice producers.
D) a welfare gain for the Japanese people.
E) increase the consumption of rice by the Japanese people.