When a price ceiling is binding, is the price ceiling set above or below the market equilibrium price?
A binding price ceiling will be set below the market equilibrium price.
Economics
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The cost of risk is the same for everyone
Indicate whether the statement is true or false
Economics
The Balance of Payments always balances
Indicate whether the statement is true or false
Economics
The marginal firm in a competitive market will earn zero economic profit in the long run
a. True b. False Indicate whether the statement is true or false
Economics
If there is an unemployment problem, what might policy makers increase to stimulate demand in an economy?
a. payroll taxes b. government spending c. interest rates d. austerity measures
Economics