An increase in quantity demanded is caused by
A) an increase in income.
B) a decrease in the price of the good.
C) a decrease in the price of a complement.
D) a change in expectations about price in the future.
B
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A price floor policy establishes a minimum price for a market, and the policy is said to be binding if the market equilibrium price is less than the floor price. What impact does a binding price floor have on the market outcome?
A) Excess supply B) Excess demand C) Shortage D) No impact, and the market price and quantity equal their equilibrium values
Amalgamated Widget Company is currently considering which investment projects it should undertake. The following list of projects along with the estimated rate of return of each project is presented to the executive management team:Project A (9%)Project B (7.5%)Project C (6.5%)Project D (11%)Project E (5.5%)If the current interest rate in the loanable funds market holds steady at 6%, we would expect the company to undertake ________ projects.
A. two B. four C. three D. five
To be officially counted as unemployed, one must be
A. Not employed at a full-time job. B. Either not working or working only part-time. C. Actively seeking employment and currently not working. D. None of the choices are correct.
Argentina provides a recent example of a currency board success
Indicate whether the statement is true or false