The price ceiling
A. is binding.
B. causes a shortage.
C. causes the quantity demanded to exceed the quantity supplied.
D. All of the above are correct.
D. All of the above are correct.
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What do economists mean when they say that capital can labor can be both complementary inputs and substitutes
What will be an ideal response?
The leading federal regulatory body for financial markets in the United States is the
A) Federal Bureau of Investigation. B) Securities and Exchange Commission. C) Federal Financial Market Bureau. D) Investors Protection Agency.
The best description of US economic growth during the 1800s is:
a. The annual growth rate for the 20 years preceding the Civil War was about the same as the annual growth rate from 1870-1899 while the growth rate during the Civil War was higher than either period. b. The annual growth rate for the 20 years preceding the Civil War was lower than the annual growth rate from 1870-1899 c. The annual growth rate for the 20 years preceding the Civil War was greater than the annual growth rate from 1870-1899
The prospect of future deficits:
A. encourages government to conduct expansionary fiscal policy. B. would prompt government to vastly expand discretionary spending. C. requires a government to eliminate all entitlement spending. D. limits the ability of government to conduct fiscal policy in the near future.