Total Surplus Is

question 84

Multiple Choice

Total surplus is

• A)the total cost to sellers of providing the good minus the total value of the good to buyers.
• B)the total value of the good to buyers minus the cost to sellers of providing the good.
• C)the difference between consumer surplus and sellers' cost.
• D)always smaller than producer surplus.

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Definitions:

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A series of laws passed in 1798 that allowed the U.S. government to deport foreigners and jail critics of the government.

Louisiana Territory

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Port of New Orleans

A key maritime port in Louisiana, USA, known for its significant role in trade and transportation along the Mississippi River.

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Thomas Jefferson, the third President of the United States, principal author of the Declaration of Independence, and a founding father known for his promotion of the ideals of republicanism.