Refer to the above figure. A price ceiling of $20 results in
A) a shortage of 100 units.
B) a shortage of 200 units.
C) a surplus of 100 units.
D) a surplus of 200 units.
A
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If the supply of iPods increases, then
i. the supply curve for iPods has shifted rightward. ii. the price of iPods has decreased. iii. there will be a movement upward along the iPod supply curve. A) i and iii B) i only C) i and ii D) i, ii and iii E) ii and iii
"Banks hold about 50 percent of their assets as reserves." Is the previous statement correct or not?
What will be an ideal response?
One factor contributing to the rapid growth of the commercial paper market since 1970 is
A) the fact that commercial paper has no default risk. B) improved information technology making it easier to screen credit risks. C) government regulation. D) FDIC insurance for commercial paper.
For much of the history of aid, ________ has been a driving force in decisions about how much to give in foreign aid.
A. the interest rate in the home country B. political strategy C. the finance gap of receiving countries D. the opportunity cost of investing in developing nations