Suppose the price of a bottle of water is $4. use the black line (plus symbol) to draw a price line at $4. next use the grey point (star symbol) to indicate how many bottles of water bert will buy at that price. finally, use the green point (triangle symbol) to shade the area that represents bert's consumer surplus from his purchases. in this case, bert receives $ in consumer surplus from his water purchase. if the price falls to $2, bert now buys 3 bottles of water. this his consumer surplus to $ .

Ashare stock is a small piece of ownership in a company ture or false

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be: