Use the above figure. Refer to the above diagram where curves (a) through (d) are for four different countries. Income is equally distributed in
A) Country A.
B) Country B.
C) Country C.
D) Country D.
A
Economics
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A price floor set above the equilibrium price
A) creates a surplus. B) creates a shortage. C) creates excess demand. D) balances supply and demand. E) has no effect.
Economics
The labor supply curve
A) is unit elastic. B) shows the relationship between the wage rate and the quantity of labor supplied. C) shows the quantity of jobs supplied at various wage rates. D) is U-shaped.
Economics
In 2005, the percentages of mortgages that were considered sub-prime:
a. increased dramatically.
b. increased minimally
c. decreased minimally.
d. decreased dramatically.
Economics
A nonneutral tax cannot be used to reduce distortions created by another nonneutral tax.
Answer the following statement true (T) or false (F)
Economics