Producer surplus can be defined as the difference between:

Which of the following is TRUE when there is the socially optimal amount of a private good with no externality?

Producer surplus can be defined as the difference between:

The goal of public economics, or public finance, is to answer which question?

The county supervisor uses an estimate of how much residents pay to drive to the public swimming pool in the next county as an indication of how much a swimming pool is worth to county residents. This is an example of:

The goal of public economics, or public finance, is to answer which question?

Suppose that because the government increases the minimum wage, employers choose to hire fewer workers. This is an example of:

Suppose you paid $2.50 for a beer in 2004 and $3 exactly a year later. The price in 2004 is measured in _______ dollars; the price in 2005 is measured in _________ dollars.

The county supervisor uses an estimate of how much residents pay to drive to the public swimming pool in the next county as an indication of how much a swimming pool is worth to county residents. This is an example of:

Suppose that because the government increases the minimum wage, employers choose to hire fewer workers. This is an example of: