The federal government placed an upper limit on human organ prices, which is called a
A. Price support.
B. Price ceiling.
C. Price floor.
D. None of the choices are correct.
Answer: B
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When financial intermediaries deleverage, firms cannot fund investment opportunities resulting in
A) a contraction of economic activity. B) an economic boom. C) an increased opportunity for growth. D) a call for government regulation.
If unit costs remain constant as the quantity of production increases and all inputs are variable, then a firm is experiencing
A) constant returns to scale. B) economies of scale. C) diseconomies of scale. D) falling economies of scope.
If you earned $10-an-hour in 2005 when the CPI was 100, and you earn $11-an-hour today when the CPI is 120, then your real wage rate has _____ since 2005.
Fill in the blank(s) with the appropriate word(s).
The ________ program was created in 1975 to provide rebates of Social Security taxes to low-income workers
A) food stamp B) SSI C) TANF D) EITC