What is balance of trade and balance of payment?
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Ответ:
the difference in value between a country's imports and exports.
is an accounting of a country's international transactions for a particular time period.
Ответ:
B. is the difference between the true value of a product and the amount the firm wants to receive.
Explanation:
Producer surplus refers to the surplus received by a producer, that is the amount in which the producer will sell the goods less the amount the actually received on sale of the product.
In the given statement true value will be the market value the product will fetch and the value the firm expects is the value expected by producer therefore, above statement is best suitable to define producer surplus.
B. is the difference between the true value of a product and the amount the firm wants to receive.