What Is the Name Given to the Controverisal American Executive

question 107

Multiple Choice

What is the name given to the controverisal American executive order, signed by President Donald Trump, that bans entry to the United States of citizens from Iran, Iraq, libya, Somalia, Sudan, Syria, and Yemen?

• A) The travellers ban
• B) The immigration ban
• C) The Muslim ban
• D) The refugee ban
• E) Travelling ban

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Definitions:

Consumer Surplus

The misalignment between the price consumers are willing to allocate for a good or service and the price they actually allocate.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual market price they receive, representing the profit producers make.

Tax

A compulsory charge by the government on individuals or entities' income, property, or goods, used to fund public services and government obligations.

Deadweight Loss

Deadweight loss refers to the loss of economic efficiency when the equilibrium outcome is not achievable or is not achieved in the market.