Which of the following is a price floor?
A) rent controls
B) minimum wage rates
C) a freeze on upward-moving gasoline prices
D) college tuition caps
Answer: B
Economics
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Assuming a constant cost industry, consumer surplus would be greater under monopoly than if the industry were perfectly competitive
a. True b. False
Economics
When money is used to set the value of goods such as cars, and TVs, money is serving as a:
A. unit of account. B. medium of exchange. C. store of wealth. D. unit of wealth.
Economics
Refer to the above table. Real GDP in 2019 is
A. 682.9. B. 700. C. 717.5. D. 146.4.
Economics
In China, firms owned by the government are known as
A) state-owned enterprises (SOEs). B) government enterprises. C) corporations. D) government owned partnerships.
Economics