A good example of a price floor is
a. rent controls on rental apartments in major cities
b. the cheapest tickets to concerts
c. the minimum wage law
d. food stamps provided to low-income people who use them to purchase specific basic foods at retail stores, such as corner groceries and supermarkets
e. discount airfares
C
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A perfectly competitive industry has
a. A perfectly elastic demand curve b. A perfectly elastic supply curve c. A downward sloping demand curve d. A downward sloping supply curve
When the Fed purchases $1000 worth of government bonds from the public, the U.S. money supply eventually increases by
a. more than $1000. b. exactly $1000. c. less than $1000. d. None of the above are correct.
The components of GDP are:
a. Consumption, government spending, net exports, and investment. b. Consumption, exports, imports, and disposable income. c. Exports, imports, investment, and disposable income. d. Consumption, inventory, government spending, and disposable income.
Which of the following types of agents moves international cargo, facilitates shipment tracking, and handles product returns for exporters and importers?
A) trade intermediaries B) third party logistics C) customs brokers D) freight forwarders