If a price ceiling of $5 per gallon is imposed on gasoline, and the market equilibrium price is $4.50, then the price ceiling is a binding constraint on the market
a. True
b. False
Indicate whether the statement is true or false
False
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Growth in labor productivity in health care has been ________ labor productivity in the economy as a whole
A) slightly faster than B) approximately equal to C) less than half as fast as D) almost twice as fast as
What would happen to the availability of credit if banks chose to either increase or decrease the percentage of deposits they hold as reserves?
What will be an ideal response?
The international unit of accounting used by the International Monetary Fund (IMF) is called
A) the Eurodollar. B) the IMF dollar. C) the quota subscription. D) special drawing rights.
The resource-based view indicates that firms exhibit different performances within the same industry because
a. there is less buyer power b. there are economies of scale present c. some firms have superior resources d. there is less competition