The deadweight loss associated with output less than the competitive level can be determined by A. subtracting the consumer surplus from the producer surplus associated with less output. B. summing the change in the total consumer and producer surplus from moving from the competitive level of output to less output. C. subtracting the competitive level producer surplus from the producer surplus associated with less output. D. summing the consumer and producer surplus associated with less output.

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics

What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?