A government-imposed maximum price will have no economic impact if
A. there is a fixed supply of the good.
B. it is below the equilibrium price.
C. it is above the equilibrium price.
D. it is at or below the equilibrium price.
Answer: C
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Property rights allowing individuals to own goods, services, and factors of production are MOST important in
a. socialistic economies. b. planned economies. c. capitalistic economies. d. command economies.
BHP Billiton is a Canadian company that owns mines in Canada that
A) produce nickel. After World War II, BHP Billiton began to compete with another Canadian firm, the International Nickel Company. This competition eventually ended International Nickel's monopoly in this market. B) produce coal. Until World War II, BHP Billiton had a monopoly on coal in Canada. C) produce bauxite, the mineral needed to produce aluminum. BHP Billiton began to mine bauxite after World War II. This competition eventually ended the Aluminum Company of America (ALCOA)'s monopoly in this market. D) produce diamonds.
Countries that have flexible exchange rates are known to possess some certain economic characteristics. What are they?
What will be an ideal response?
Pam did not get the job she wanted. Knowing her characteristics (listed below), which one factor most contributed to her NOT getting the job offer?
a. she put away her phone in the interview b. she looked down for most of the interview c. she greeted the receptionist when she arrived d. she wore a conservative business professional suit