If the government removes a binding price ceiling from a market, then the price paid by buyers will
a. increase, and the quantity sold in the market will increase.
b. increase, and the quantity sold in the market will decrease.
c. decrease, and the quantity sold in the market will increase.
d. decrease, and the quantity sold in the market will decrease.
a
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Refer to Figure 3.1. If Marge and Homer both confess to the crime, what is Marge's payout?
A) 1 year B) 2 years C) 7 years D) 15 years
An example of U.S. foreign direct investment would be a:
A. factory in Canada owned by a U.S. citizen. B. factory in Japan owned by a Canadian citizen. C. factory in New Mexico owned by a Japanese citizen. D. All of these are examples of foreign direct investment.
Just after World War II, the labor-force participation rate of men was
a. about 33 percent, and in 2015, it was about 50 percent. b. about 50 percent, and in 2015, it was about 60 percent. c. about 60 percent, and in 2015, it was about 60 percent. d. about 90 percent, and in 2015, it was about 70 percent.
Which is not one of the four basic questions used by economists to break down problems?
A. Why isn't everyone already doing it? B. What are the trade-offs? C. How will others respond? D. What do others think?