An example of a price floor is a
A) rent control.
B) minimum wage.
C) subsidy.
D) quota.
B
You might also like to view...
The most important function of the Fed is to
A) provide a system for collecting and clearing checks. B) regulate the money supply. C) collect taxes. D) support the federal government's deficit spending by buying government securities.
Economies of scale
A) lead to rising long-run average costs as output increases. B) occur if output more than doubles when all inputs are doubled. C) occur if output less than doubles when all inputs are doubled. D) occur when management complexity brings rising average cost.
Which of the following is most accurate?
a. The US has always had a national bank since the early 1800s. b. The US is currently on the gold standard. c. The US used both gold and silver to back its currency during the entire 19th century. d. The US experienced low inflation during the 1970s because it printed very little money. e. The US Federal Reserve is relatively independent compared to similar institutions in most other industrialized nations.
According to the hypothesis, when did structural stagnation begin?
A. The mid-1990s B. The mid-1970s C. The mid-1980s D. The mid-1960s