The price ceiling that the federal government placed on human organs caused
A. A shortage.
B. An increase in supply.
C. A surplus.
D. An increase in demand.
Answer: A
You might also like to view...
If the economy is in an inflationary gap, which of the following is the least appropriate policy mix?
a. a budget surplus and expansionary monetary policy b. a budget deficit and expansionary monetary policy c. a budget deficit and contractionary monetary policy d. a budget surplus and contractionary monetary policy
The GDP deflator of a country whose nominal GDP is $10.5 billion and real GDP is $8.5 billion is 123.5
a. True b. False Indicate whether the statement is true or false
Who among the following is most likely to favor an appreciation of the U.S. dollar?
a. a German professor visiting Chicago b. an American farmer who depends on exports c. an American professor on a tour of Austrian universities d. Disney World in Orlando, Florida, a popular destination for foreign tourists
It is because firms consciously try to balance social costs and benefits that efficiency conditions of perfect competition come about.
Answer the following statement true (T) or false (F)