Imports ________ Society's Total Surplus Because of the ________ in Price

question 264

Multiple Choice

Imports ________ society's total surplus because of the ________ in price and ________ in consumption.

• A) increase; rise; increase
• B) increase; rise; decrease
• C) decrease; fall; increase
• D) decrease; fall; decrease
• E) increase; fall; increase

---

Definitions:

Owner's Equity

After settling all obligations, the balance of an entity's assets stands as a representation of the shareholder or owner's equity.

Additional Investments

Funds or assets that an investor or business owner contributes to a business beyond the initial investment, to support operations or expansion.

Net Loss

The amount by which total expenses exceed total revenues in a given period, indicating financial loss.

Accounts Payable

Liabilities to suppliers or creditors for goods, supplies, or services purchased on credit.