The misallocation of resources associated with price supports:

A. affects both domestic and foreign economies.
B. affects only foreign economies.
C. affects only the domestic economy.
D. is fully offset by reductions in food prices.


Answer: A

Economics

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The government passed the Economic Recovery Act in October 2008 to prevent the financial crisis from continuing to worsen. A controversial component of this act was the

A) temporary decrease in the federal deposit insurance limit. B) sale of new subprime mortgage assets. C) borrowing of $150 million from AIG. D) Troubled Asset Relief Program (TARP).

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Double coincidence of wants is a situation in which: a. a country exports the good that it can produce at minimum cost

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What will be an ideal response?

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