Government intervention in the form of binding price floors or binding price ceilings will:
A) always enhance the efficiency of the market.
B) result in either surpluses or shortages.
C) move the market toward its equilibrium quantity more quickly.
D) often be seen as necessary to decrease the activity of black markets.
Ans: B) result in either surpluses or shortages.
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Use the table below to answer the following question.PriceQuantity Supplied$101089684726Over the $8 to $6 price range, supply is
A. zero. B. unit-elastic. C. elastic. D. inelastic.
The above table presents data for the nation of Economica
a. What is the aggregate planned expenditure and unplanned inventory change at each level of real GDP? b. At what level of real GDP is equilibrium expenditure achieved?
All countries tend to have about the same tariff levels
Indicate whether the statement is true or false
During times of financial crisis, mark-to-market accounting
A) requires that a financial firms' assets be marked down in value which can worsen the lending crisis. B) leads to an increase in the financial firms' balance sheets since they can now get assets at bargain prices. C) leads to an increase in financial firms' lending. D) results in financial firms' assets increasing in value.