If a price floor is not binding, then it will have no effect on the market
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Figure 4.8. If half of your friends go to the beach and half go to the park, you will receive the highest payoff by
A) going to the park. B) going to the beach. C) You will receive the same payoff whether you choose the beach or the park. D) You cannot determine your highest payoff from the data in the figure.
How do transfer payments function as negative taxes?
Which statement is false?
A. Most poor women who get pregnant do so to get on welfare. B. Most long-term poor people are black. C. The causes of black poverty are not always the same as those of white poverty. D. None of these statements are false.
Which of the following transactions would impact foreign-owned assets in the United States?
a. The U.S. government sends humanitarian aid to New Zealand. b. The French government buys machine parts from a U.S. firm in Texas. c. U.S. residents holding U.S. bonds sell them to other U.S. residents. d. Investors in Mexico buy corporate securities from a firm in the United States.