Which of the following is TRUE regarding a dead weight loss. a) It refers to the loss producers incur when operating with excess capacity.
b) It is only a feature of perfectly competitive markets.
c) It only occurs when a product sells at below equilibrium price.
d) It never arises in markets where producers have market power.

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

On coral island in 2012, the labor force is 12,000, the unemployment rate is 10 percent, and the labor force participation rate is 60 percent. during 2013, 200 unemployed people found jobs and the working-age population increased by 1,000. the total number of people in the labor force did not change. the working-age population at the end of 2013 was the unemployment rate at the end of 2013 was round up to the second decimal. the labor force participation rate at the end of 2013 was round up to the second decimal.

Penelope summers received certain income benefits in 2018. she received $1,400 of state unemployment insurance benefits, $2,000 from a federal unemployment trust fund and $3,700 workers’ compensation received for an occupational injury. what amount of the compensation must penelope include in her income