The rationing mechanisms that develop under binding price floors are usually efficient
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
According to the production function, as the quantity of labor employed increases, real GDP increases
A) at an increasing rate. B) at a decreasing rate. C) at a constant rate. D) and then eventually decreases. E) until it reaches potential GDP, and then it no longer changes.
A given change in either someone's income or net taxes would have a greater effect on their consumption spending the greater their MPC
a. True b. False Indicate whether the statement is true or false
Which of the following does not contribute to the high productivity of the U.S. economy?
A. Negative externalities. B. The capital stock. C. Technology. D. Factor mobility.
For a natural monopoly, long-run average costs
A) fall as output increases. B) rise as output increases. C) fall as output falls. D) rise as output falls.