Answer:
1. Neither ; 2. Consumer Surplus ; 3. Producer Surplus
Explanation:
Consumer Surplus is the difference between a good's price paid by consumer, & maximum price the consumer is willing to pay for the good.
Producer Surplus is the difference between a good's price received by a seller, & minimum price at which the seller is willing to sell the good.
1. Willing to pay $209 for watch, buyer willing to sell at $196, no trade as price ceiling at $190 : It illustrates neither concept as transaction has not actually occurred, so no price established.
2. Willing to pay $39 for sweater, purchased it for $32 : It illustrates 'Consumer Surplus' case = $7 , as it shows difference between maximum willingness to pay by buyer ($39) & the actual buy price ($32)
3. Willing to sell laptop at $190, sold it at $199 : It illustrates 'Producer Surplus' case = $9 , as it shows difference between minimum willingness to sell price ($190) & actual sale price ($199)
Answer:
A) Country 1's PPF lies further to the right than country 2's PPF.
Explanation:
Production Possibility Curve shows the combination of two goods, that an economy can produce - by utilising given resources & technology best efficiently.
If country 1 produces twice the output of both goods compared to country 2. Then, country 1's PPF would lie further to the right than country 2's PPF. As, more quantities implies rightward shifted PPC, signifying more quantities of goods that can be produced.
Efficient or inefficient production leads to production inside or on PPC, doesn't shift PPC. Population change is also irrelevant in this case.
Insider trading occurs when someone has information that is not available to the public and then uses this information to profit from trading in a company's publicly traded securities
<h3>What is Insider Trading?</h3>
Insider trading refer to a type of tradingthat occur in public stock company when someone has information of the company's stock that is non public trading for any reason so as to gain profit.
Insider trading can be legal or illegal depending on the time the inside make the trade.
Insider trading is illegal when the stock information is still non-public, and this type of insider trading come with consequences on such that make it.
Therefore, Insider trading occurs when someone has information that is not available to the public and then uses this information to profit from trading in a company's publicly traded securities.
Learn more on insider trading from the link below.
brainly.com/question/5654856