The federal government placed an upper limit on human organ prices, which is called a
A. Price support.
B. Price floor.
C. Price ceiling.
D. None of the choices are correct.
Answer: C
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What causes new firms to enter into a monopolistically competitive market structure?
What will be an ideal response?
Which of the following is not a problem with poorly defined property rights?
a. Insufficient incentive exists to produce resources that cannot be protected. b. Resources will tend to be underutilized. c. Individuals may be able to use resources without paying for them. d. Little incentive to conserve on the use of poorly defined resources.
The marginal propensity to consume (MPC) is the change in consumption divided by the change in saving
a. True b. False Indicate whether the statement is true or false
What caused the credit crisis of 2008?
A. The sub-prime mortgage mess. B. The sub-prime mortgage mess along with existing huge leveraged bets that prices of real estate made by investment banks and other firms not regulated by the Fed. C. Home buyers misrepresentation of repayment capacity. D. A large number of home buyers losing their jobs.