If prices are held below the equilibrium price:

A) there exists a surplus in the market.
B) there exists a shortage in the market.
C) social surplus is maximized.
D) all firms earn positive economic profits.


B

Economics

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Government purchases are defined as

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In the 2-factor, 2 good Heckscher-Ohlin model, the country with a relative abundance of ________ will have a production possibility frontier that is biased toward production of the ________ good

A) labor; labor intensive B) labor; capital intensive C) land; labor intensive D) land; capital intensive E) capital; land intensive

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You've set aside $500 a month to go golfing. If each round costs $55, how many rounds of golf can you play each month?

A. 2 rounds B. 11 rounds C. 10 rounds D. 9 rounds

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Which area of risk management seeks to monitor and control potential violations for illegal searches and seizures?

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Economics