According to the graph above, a price ceiling in this market would be non-binding if it were set at:
A. $5.
B. $8.
C. $10.
D. $13.
D. $13.
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If we compare the United States to France, the U.S. tax wedge is ________ the French tax wedge
A) smaller in the labor market and larger in the goods market than B) equal to C) not comparable to D) larger than E) smaller than
One of the factors that contributed to the success German policymakers had using a monetary targeting type policy starting in the mid-1970s and continuing through the next two decades was that
A) they used a rigid target for the money growth rate. B) they implemented policy so their inflation rate goal was met in the short run. C) the money target was flexible to allow the Bundesbank to concentrate on other goals as needed. D) they rarely communicated the intentions of policy to the public in order to keep the public from panicking.
If the marginal cost of producing steel exceeds the marginal utility of using steel, then for economic efficiency,
a. the price of steel should fall. b. society should produce less steel. c. the price of goods made with steel should fall. d. society should direct resources toward steel production and away from the production of other goods.
The U.S. federal government's largest unfunded liability is
What will be an ideal response?