In order to be binding, a price ceiling
A) must lie above the free market equilibrium price.
B) must lie below the free market equilibrium price.
C) must coincide with the free market equilibrium price.
D) must be high enough for firms to earn a profit.
Answer: B
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Which of the following is the price at which the trader is willing to sell foreign currency?
A) offer B) bid C) spread D) cross rate
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. If this farmer produces the profit-maximizing level of soybeans when the market price is $8 per bushel, then her total cost would be
A. $1,200. B. $2,800. C. $5,600. D. $8,400.
A special interest issue is one that:
a. provides large private benefits and large social benefits b. provides small private benefits and large social benefits. c. provides large benefits to each of a small number of people and small costs to each of a large number of people. d. provides small benefits to each of a small number of people and large costs to each of a large number of people.
Free market economies
a. often have dirty air and rivers. b. acting on their own do not do enough to efficiently deal with externality problems. c. while not protecting the environment automatically do offer a powerful tool that may be used for that purpose. d. All of the above are correct.