Which of the following will tend to occur if price floors are imposed on a product?
a. persistent surpluses
b. problems of disposal of goods
c. disguised discounts developing to eliminate excess production
d. overinvestment in the industry
e. All of the above are correct.
e
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Which of the following is NOT a reason why people are motivated to hold money?
A) precautionary demand B) liability demand C) asset demand D) transactions demand
Refer to Table 9-16. Looking at the table above, real wages ________ from 2014 to 2015, and real wages ________ from 2015 to 2016
A) fell; fell B) fell; rose C) rose; fell D) rose; rose
A possible solution to the network externality problem is the government limiting the size of networks
a. True b. False Indicate whether the statement is true or false
Rosenbaum is purchasing products C and D in utility-maximizing amounts. If the price of C is $4 and the price of D is $2, then:
A) the marginal utility of D is twice that of C. B) the marginal utility of D is the same as that of C. C) the marginal utility of C is twice that of D. D) the marginal utility of C is four times that of D.