The large number of bank failures in Texas and Oklahoma was related to a decline in the price of oil
Indicate whether the statement is true or false
T
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Use the following graph for a competitive market to answer the question below
A price ceiling of $25 per unit will result in
A. a surplus of 200 units. B. the market staying at the equilibrium quantity of 150. C. a shortage of 200 units. D. a shortage of 150 units.
A company promotes a 'buy one, get one free' offer such that customers who purchase one unit of the product can get a second unit for free. The legality of the practice will be evaluated under Section ________ of the Clayton Act.
A) 2 B) 3 C) 8 D) 7
Minimum wages are:
A. not very controversial. B. always needed to guarantee workers an acceptable standard of living. C. a form of government interference in the free market. D. only enforceable at the federal level.
When making a choice to do more of one activity, the highest-valued other choice society does not make is called _______ , and it is measured _______ .
A) opportunity cost; in terms of the money it costs B) increasing cost; in terms of the amount of money spent doing so C) constant cost; by the slope of the production possibilities curve at that level D) opportunity cost; by the slope of the production possibilities curve at that level