A price ceiling is a government-mandated
A) minimum price below which legal trades cannot be made.
B) maximum price above which legal trades cannot be made.
C) minimum price above which legal trades cannot be made.
D) maximum price below which legal trades cannot be made.
B
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In the United States, doctors and hospitals that provide most health care are
A) 100 percent employed by the government. B) primarily private firms. C) split evenly between private firms and employed by the government. D) primarily employed by the government.
Which of the following is a regressive tax?
A. a state tax of 5 percent of income B. a local sales tax of 5 percent C. the federal individual income tax D. a federal flat tax of 30 percent
Why do small differences in the rate of economic growth produce large differences in the size of the economy over time? Illustrate with an example
Please provide the best answer for the statement.
Importers collect additional revenues from a ________, and governments collect additional revenues from ________.
A. tariff; voluntary export restraints B. quota; import bans C. quota; tariffs D. voluntary export restraint; quotas