Long lines and discrimination are examples of rationing methods that may naturally develop in response to a binding price ceiling
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose the exchange rate between the U.S. dollar and the French franc is 0.25 francs per dollar. If a television sells for 100 francs in France, what is the dollar price of the television set?
A) $400 B) $25 C) $50 D) $200
The term loanable funds refers to all income that is not used for consumption or government expenditures
a. True b. False Indicate whether the statement is true or false
Developing economies are generally characterized by a dual economy, which means that they have:
A. an international sector and a domestic sector. B. a public sector and a private sector. C. a market sector and a traditional sector. D. a manufacturing sector and an agricultural sector.
A change in which of the following will change the optimal rate of output?
A. Property taxes. B. Inflation taxes. C. Profit taxes. D. Payroll taxes.