If government sets a minimum price above the equilibrium price:
A. some consumers gain at the expense of producers and the total surplus decreases.
B. some consumers gain at the expense of producers and the total surplus increases.
C. some producers gain at the expense of consumers and the total surplus decreases.
D. some producers gain at the expense of consumers and the total surplus increases.
Answer: C
You might also like to view...
If the government has no debt initially, but then has annual revenues of $10 billion per year for 4 years and annual expenditures of $10.5 billion per year for 4 years, then the government has
A) a budget surplus of $0.5 billion per year and a debt of $2 billion at the end of the 4 years. B) a budget deficit of $0.5 billion per year and a debt of $2 billion at the end of the 4 years. C) a budget surplus of $0.5 billion per year and a surplus of $2 billion at the end of the 4 years. D) a budget deficit of $0.5 billion per year and a budget surplus of $2 billion at the end of the 4 years.
In the ________ markets all profits and losses must be settled on a daily basis
A) futures B) forward C) spot D) swap
Universal life insurance was created in response to
A) the popularity of whole life insurance. B) the popularity of variable life insurance. C) high interest rates. D) deregulation of banking.
Briefly explain the process of multiple deposit creation
What will be an ideal response?