A binding price ceiling (i) causes a surplus. (ii) causes a shortage. (iii) is set at a price above the equilibrium price. (iv) is set at a price below the equilibrium price
a. (ii) only
b. (iv) only
c. (i) and (iii) only
d. (ii) and (iv) only
d
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Keynesians argue that the crowding-out-effect is rather insignificant. True or False
In one week, Mohammed can knit 5 sweaters or bake 240 cookies. In one week, Tetah can knit 15 sweaters or bake 480 cookies. In this example,
a. Mohammed has the absolute and comparative advantage in both tasks b. Tetah has the absolute and comparative advantage in both tasks c. Mohammed has the absolute advantage in both tasks and the comparative advantage in knitting sweaters d. Tetah has the absolute advantage in both tasks and the comparative advantage in knitting sweaters e. Mohammed has the absolute advantage in both tasks and the comparative advantage in baking cookies
The rate of interest paid on a bond is called the
A) coupon rate. B) weighted average cost of capital. C) discount rate. D) all of these choices.
The collection of rent by landlords was opposed by
A. Pierre-Joseph Proudhon. B. Henry George. C. both Henry George and Pierre-Joseph Proudhon. D. neither Henry George nor Pierre-Joseph Proudhon.