Examlex
Which of the following describes the foreign-born population of the United States as of 2014?
Producer Surplus
Producer surplus is the difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting the profit earned above production costs.
Price
The sum of money anticipated, needed, or handed over in exchange for something.
Consumer Surplus I
The gap between what consumers are prepared and able to spend on a product or service and what they end up paying.
Price
The amount of money required to purchase a good or service.
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