If the government set a price $24, there would be a price ___________, that would cause a ___________ of ______ units.
A. floor; shortage; 10
B. floor; surplus; 10
C. ceiling; shortage; 10
D. ceiling; surplus; 10
B. floor; surplus; 10
You might also like to view...
The prisoner's dilemma game can be used to describe
A. the game Rock Paper Scissors B. why candidates in elections go negative. C. how individuals acting in their self-interest leads to the best outcome overall. D. a zero sum game.
Who is likely to be in favor of a country that would be a net-exporter if it moved from autarky to free trade?
A. Domestic producers B. Domestic consumers C. Foreign producers D. Foreign governments.
The threat of substitutes is held constant in Porter's five forces model
Indicate whether the statement is true or false
If you are out of work and are not looking for a job, then:
a. you are classified as "unemployed." b. You are part of the unemployment rate, but you are not part of the workforce. c. You are part of the unemployment rate, because you are part of the workforce. d. You are not classified as "unemployed," because you are no longer a part of the workforce. e. None of the above.