Price is the only rationing device that can be used in a modern economy
Indicate whether the statement is true or false
False
Economics
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The Federal Reserve was created in
A) 1893. B) 1913. C) 1921. D) 1933.
Economics
A capital gain occurs when the
A) coupon rate increases. B) current yield increases. C) price of an asset increases. D) yield to maturity increases.
Economics
Market demand curves may slope downward even if some individual demand curves do not because
a. the law of demand requires that this is true. b. lower prices may bring more purchasers into the market. c. merchants try to sell more at lower prices. d. people believe expensive goods are better goods.
Economics
The long-run aggregate supply curve for an economy is always _____
a. vertical b. horizontal c. downward sloping d. upward sloping
Economics