Consumer groups tend to lobby for
A) price floors.
B) price ceilings.
C) quantity quotas.
D) taxes.
B
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Suppose that one-year Treasury bills yield 5 percent in the United States and 6 percent in France. Investors will prefer the U.S. securities if they expect the dollar to __________ against the euro over the next year
A) depreciate by less than 1 percent B) depreciate by more than 1 percent C) appreciate by less than 1 percent D) appreciate by more than 1 percent
The demand curve:
A. represents consumers' willingness but not ability to buy. B. shows the highest amount consumers will pay for a specific quantity. C. visually displays the demand schedule. D. represents consumers' ability but not willingness to buy.
The existence of many discouraged workers in an economy may cause us to
a. overstate the employment rate b. understate the employment rate c. overstated the unemployment rate d. understate the unemployment rate e. overstate the value of GDP
Which of the following is a source of government failure but is not typically an example of market failure?
A. Waste. B. Externalities. C. Monopoly. D. Inequity.