Which of the following government programs will create a surplus?
A. rent control
B. the minimum wage law
C. usury laws
D. price controls on oil
B. the minimum wage law
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Managerial economics refers to the application of microeconomics to business decision making
Indicate whether the statement is true or false
Since the specification of a poverty standard is an imprecise endeavor, it is a useless exercise
Indicate whether the statement is true or false
Many regulated industries are not pure monopolies
a. True b. False Indicate whether the statement is true or false
If Country A's reserve account is equal to +$300 billion, then:
a. There is an excess demand for Country A's currency in the foreign exchange market that is being met by the central bank selling enough domestic currency to make up the difference. b. There is an excess supply of Country A's currency in the foreign exchange market that is being met by the central bank buying enough domestic currency to make up the difference. c. Country A's reserves account cannot $300 billion. It must equal 0. d. Country A's current account must equal = -$300 billion. e. Country A's current account minus capital account must equal-$300 billion.