Assume a price floor is set above the equilibrium price. The result is a surplus
a. True
b. False
Indicate whether the statement is true or false
True
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A financial market in which previously issued securities can be resold is called a ________ market
A) primary B) secondary C) tertiary D) used securities
In the short run, average variable cost is always less than average total cost
a. True b. False Indicate whether the statement is true or false
Which of the following makes short-term conditional low-interest loans to LDCs?
a. Agency for International Development (AID) b. World Bank c. Agency for International Finance (AIF) d. International Monetary Fund (IMF)
Where there are spillover (or external) benefits from having a particular product in a society, the government can make the quantity of the product approach the socially optimal level by doing the following except
A. subsidizing the buyers of the product. B. subsidizing the sellers of the product. C. taxing the sellers of the product. D. providing the product itself.