Binding arbitration is when an impartial observer helps resolve differences between union and management
a. True
b. False
B
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
In order for a Pigouvian tax to be efficient, the amount of revenue raised plus the economic value of the reduction in pollution must together be larger than the loss in consumer and producer surplus.
Answer the following statement true (T) or false (F)
Explain the difference between price cap regulation in a natural monopoly and the effect of a price ceiling in a competitive market
What will be an ideal response?
A major justification for the use of price floors in agriculture was that
a. there were fewer farmers than in the past b. average farm acreage had increased c. demand for food had declined dramatically d. technology dramatically increased supply e. the greenhouse effect increased productivity