Which of the following is a price ceiling/ cap?
A. A regulation requires cable service to be provided for no more than 30$ a month
B. Walmart promises to have the lowest prices
C. Winco Foods sells organic milk at 8$ per gal
D. A regulation sets the minimum price of ethanol at 50 cents per gal
A. A regulation requires cable service to be provided for no more than 30$ a month
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Allocative efficiency occurs
A) anywhere inside or on the production possibilities frontier. B) when the total cost of production is minimized. C) at all points on the production possibilities frontier. D) at only one point on the production possibilities frontier. E) at the points where the production possibilities frontier crosses the horizontal or vertical axis.
A recession conventionally is defined as a decrease in
A) real GDP that lasts for at least six months. B) the growth rate of real GDP that lasts for at least six months. C) potential GDP that lasts for at least six months. D) real GDP that lasts for at least three months. E) the inflation rate that lasts for at least six months.
How is the money supply related to planning investment and government deficit spending?
What will be an ideal response?
European communism collapsed during the years
A. 1974-1976. B. 1979-1981. C. 1984-1986. D. 1989-1991.