Lines, ration coupons, and black markets are byproducts of a
A. price floor.
B. price ceiling.
C. free market.
D. barter economy.
Answer: B
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Quality of life indexes produced in popular magazines often place a heavy emphasis on the cost of housing in different cities -- with a lower housing cost entering the index as a positive feature of the city. Why might such quality of life indeces be misleading?
What will be an ideal response?
The American Medical Association is responsible for many of the characteristics of the modern health care delivery system
a. True b. False
If a monopsony finds that its MRP is greater than its MFC, it:
a. is doing the right thing to maximize profits. b. should hire fewer workers to increase profits. c. should hire more workers to increase profits. d. should pay the workers a lower wage. e. should produce less output.
A mortgage that allows the borrower to pay less than the interest due for a few years is a
A. negative-amortization mortgage. B. traditional, thirty-year fixed-rate mortgage. C. "liar loan." D. credit-default swap.