A law establishing a maximum legal price for a good or service is known as
a. an equilibrium price.
b. a price floor.
c. a price ceiling.
d. a price wall.
C
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Recent guest worker programs have involved temporary migration from
A) poor countries to richer countries. B) poor countries to other poor countries. C) rich countries to poor countries. D) rich countries to other rich countries.
Why do individuals choose to hold part of their wealth in money rather than in other types of assets? Discuss the benefits and costs of holding money
An increase in government spending financed by borrowing changes people's expectations about future taxation such that current consumption expenditures
a. fall. The increase in expenditures makes it likely that future taxes will create smaller distortions. b. fall. The increase in expenditures makes it likely that future taxes will create larger distortions. c. rise. The increase in expenditures makes it likely that future taxes will create smaller distortions. d. rise. The increase in expenditures makes it likely that future taxes will create larger distortions.
Induced taxes...
What will be an ideal response?