A price ceiling is
a. often imposed on markets in which "cutthroat competition" would prevail without a price ceiling.
b. a legal maximum on the price at which a good can be sold.
c. often imposed when sellers of a good are successful in their attempts to convince the government that the market outcome is unfair without a price ceiling.
d. All of the above are correct.
b
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Young male adults provided the single largest group of migrants. This helped increase human capital in the U.S
Indicate whether the statement is true or false
In common value auctions
a. Every bidder know the value of the object being sold b. Each bidder makes the same estimate of the value of the good c. All bidders know the estimates of the others d. The true value of the item is common across bidders
If the U.S. government repaid its multitrillion debt by printing (i.e., creating) new money, the effect would be to:
a. Lower nominal interest rates. b. Increase aggregate demand, reduce unemployment, and reduce the nation's price level. c. Increase the real risk-free interest rate. d. Wildly inflate prices.
Which of the following is not a sport finance issue?
a. valuation of sports teams b. borrowing of money to finance sport ventures c. stadium funding d. sports apparel e. none of these