Price floors typically improve market efficiency
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The costs to firms of changing prices are called menu costs
Indicate whether the statement is true or false
The interest rate that commercial banks charge each other for loans of reserves to meet their minimum reserve requirements is called:
A) treasury bill rate. B) federal funds rate. C) prime interest rate. D) none of the above.
If a union is able to restrict the supply of a non-union-made substitute product,
a. wages will increase but employment will decrease b. wages will increase and employment will increase c. wages will decrease but employment will increase d. wages will decrease and employment will decrease e. the demand for non-union labor will increase
Current account transactions are records of the income and expenditures from exports and imports, plus international financial investments and borrowing
a. True b. False