The minimum legal price that can be charged in a market is:
A. full economic price.
B. a price floor.
C. a price ceiling.
D. non-pecuniary price.
Answer: B
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If the price of golf balls increases, what will likely happen to the demand for golf club manufacturing employees?
A) It will increase. B) It will decrease. C) It will stay the same. D) Nothing, the two are not related.
The greater the elasticities of supply and demand, the smaller are the gains from trade
a. True b. False Indicate whether the statement is true or false
Unemployment insurance:
A. has a set minimum in the United States, with some states being more generous. B. is offered in all countries. C. varies widely across countries. D. is most generous in the United States.
Which of the following statements about self-selection and immigration flows into the United States is false?
A. Negative selection occurs when the United States offers a greater return to skill at high skill levels than the source country. B. Positive selection results in highly skilled workers coming to the United States. C. Negative selection results in low-skilled workers coming to the United States. D. High-skilled workers in foreign countries will not always choose to migrate to the United States. E. If the flow of immigrants is currently positively selected, increasing the costs to immigration will likely make the future flow of immigrants even more positively selected.