Rent controls and the minimum wage are both examples of price ceilings
Indicate whether the statement is true or false
FALSE
You might also like to view...
Which of the following statements is false?
A. A corporate bond typically has face value of $1,000. B. Corporate bonds typically sell for a price that is equal to the bond's face value. C. The interest that corporate bonds pay is fully taxable. D. State and local governments issue municipal bonds.
If demand is price elastic, then when price decreases, total revenue
a. decreases b. increases c. does not change d. is less than one e. is negative
If the reserve requirement is 10 percent, which of the following pairs of changes would both allow a bank to lend out an additional $10,000?
a. the Fed buys a $10,000 bond from the bank or someone deposits $10,000 in the bank b. the Fed buys a $10,000 bond from the bank or the Fed lends the bank $10,000 c. the Fed sells a $10,000 bond to the bank or someone deposits $10,000 in the bank d. the Fed sells a $10,000 bond to the bank or the Fed lends the bank $10,000
If the interest rate is 10%, the present value of $100 to be paid next year is
A. $100/10. B. $100/.1. C. $110. D. $100/1.1.