Which of the following policies could lead to a deadweight loss?
A) price ceilings.
B) price floors.
C) policies prohibiting human cloning.
D) all of the above
E) A and B only
D
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In a(n) __________ insurance policy, the savings component is allocated among a menu of investment options
A) whole B) term C) universal D) variable
In 2009, the United States largest balance of trade deficit was with
a. the European Union b. Canada c. China d. Mexico e. Brazil
Irrespective of whether the inflation rate is high or low, if the inflation rate is above the expected level, the unemployment rate in the economy will remain stable
a. True b. False Indicate whether the statement is true or false
Suppose that in a perfectly competitive market, the market price is $10. A firm in that market has marginal cost of $10, average total cost of $12, and it is producing 100 units. The firm is
A. earning zero total economic profits and is not maximizing economic profits. B. incurring $200 in total economic losses and is minimizing economic losses. C. earning $1,000 in total economic profits and is maximizing economic profits. D. earning $200 in total economic profits and is maximizing economic profits.