The quantity sold in a market will increase if the government
a. decreases a binding price floor in that market.
b. decreases a binding price ceiling in that market.
c. increases a tax on the good sold in that market.
d. More than one of the above is correct.
a
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Projections place world population by 2050 at
(a) between 4 and 6 billion. (b) between 6 and 8 billion. (c) between 8 and 10 billion. (d) between 10 and 12 billion.
Which of the following was a cause of the savings and loan crisis that occurred in the 1980s?
a. the increasing rates of inflation throughout the 1970s b. savings and loans investing in high-risk ventures including real estate projects c. government deregulation in the 1980s d. all of the above
When the court requires evidence that a monopoly actually used its size to violate antitrust laws, this criterion is called
a. rule of reason b. Sherman antitrust c. per se d. countervailing power e. creative destruction
India and China are
A. LDCs. B. NICs. C. industrialized countries.