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Chapter 5 Flashcards | StudBud
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Chapter 5
Chapter 5
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Questions
9
Answers
1
The yellow area is called...
consumer surplus
deadweight loss
overall welfare
producer surplus
2
February: 4 Fridays ==>8 hours lecture + 2 creating content for exercise class. How large is my
gross
salary?
5000 ==> 6999
3000 ==> 4999
more than 7000
0 ==>2999
3
The supply curve of the market is always flatter than the individual supply curve!
True
False
4
How much money did you receive via SU in February 2024?
5000 ==> 6999
3000 ==> 4999
more than 7000
0 ==>2999
5
The green area is called...
consumer surplus
welfare loss
producer surplus
overall welfare
6
How large is my
net
salary?
0 ==>2999
3000 ==> 4999
more than 7000
5000 ==> 6999
7
The red area is called...
overall welfare
producer surplus
deadweight loss
consumer surplus
8
The demand curve of the market is always flatter than the individual demand curve!
False
True
9
Redistributing income via the tax system is related to utilitarianism.
False
True
