Total Surplus in a Market Is Equal to

question 143

Multiple Choice

Total surplus in a market is equal to

• A)Consumer surplus + Producer surplus.
• B)Value to buyers - Amount paid by buyers.
• C)Amount received by sellers - Costs of sellers.
• D)Producer surplus - Consumer surplus.

---

Definitions:

Diplomatic Recognition

The acknowledgment by one state of another's sovereignty and government, establishing formal diplomatic relations.

Nonpartisan

Not biased or linked to any political party, often referring to activities or organizations that aim for fair and impartial judgment.

Constitutionally Qualified

refers to having the qualifications required by the constitution for holding a specific public office or position.

Naturalized U.S. Citizen

An individual who was not born in the United States but has legally become a U.S. citizen through a process outlined by Congress.