What is a shortcoming of price control legislation?
a. Price controls create surpluses.
b. Price controls lower the quantity demanded.
c. Price controls create shortages.
d. All of the above are shortcomings of price controls.
.C
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The Sudsy Soda Company will not sell its soft drinks to a restaurant unless that business also buys paper cups from Sudsy. This requirement is an example of
A) product versioning. B) tie-in sales. C) price differentiation. D) complementary pricing.
Which of the following is a problem with or a limit on antitrust policy?
a. Competition may not require that many firms b. Abuse of antitrust c. Growth of international markets d. Growing doubt about the economic value of lengthy antitrust court cases e. All of the answers are correct
A more equal distribution of income
A. might hurt the incentive to work. B. would not hurt the incentive to work. C. would be opposed by nearly all Americans. D. would hurt the poor.
Zoey wants to have about $750,000 when she retires in 10 years. She has $300,000 to deposit now. At which of the following interest rates would Zoey's deposit come closest to $750,000 after 10 years?
a. 9.6 percent b. 9.9 percent c. 10.2 percent d. 10.5 percent