Refer to the information provided in Figure 4.3 below to answer the question(s) that follow.
Figure 4.3Refer to Figure 4.3. An example of an effective price floor would be the government setting the price of pencils at
A. $0.00.
B. $0.40.
C. $0.45.
D. $0.50.
Answer: D
You might also like to view...
A Swiss watch company advertises its history of superior craftsmanship. The company thinks that this will
a. Make the demand for the product more elastic b. Make the customers more sensitive to the price c. Not impact the demand for their product d. None of the above
"Backflows" occur when:
A. two countries send immigrants to each other in approximately equal numbers. B. physical capital flows into a country that has lost labor due to migration. C. immigrants send financial payments back to family in their country of origin. D. migrants return to their home country.
The value of used goods ________ counted as part of GDP ________
A) are; as long as they are classified as consumption goods B) are; as long as they are classified as investment goods C) are not; because they were counted during the period when they were counted as new goods D) are not; because most fall in value and would cause a decrease in the value of GDP E) may be; as long as their value has risen
An increase in capital outflows from the United States will
A) decrease the balance on the capital account. B) decrease the balance on the financial account. C) increase the balance on the financial account. D) increase the balance on the current account.