Refer to Figure 9.5. If the government establishes a price floor of $2.50, how many pounds of berries will be sold?
A) 200
B) 300
C) 400
D) 600
E) 800
A
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Which of the following is true?
a. Uncertainty accompanies investment decisions. b. At any given time, there are a virtually infinite number of potential investment projects that might be undertaken by investors. c. In order to be successful, entrepreneurs must be good at recognizing and undertaking economically beneficial projects. d. All of the above are correct.
Suppose the actual unemployment rate decreases. This will cause
A) an upward shift in the WS curve. B) a downward shift in the WS curve. C) an upward shift in the PS curve. D) a downward shift in the PS curve. E) none of the above
Job search is defined as
A) equivalent to job rationing. B) being paid an efficiency wage. C) the activity of looking for an acceptable, vacant job. D) attending school to increase your employability. E) saying you are looking for a job when you are actually not looking.
Which of the following is untrue?
A) New issues of commercial paper can be sold directly to buyers or through dealers B) State and local governments buy commercial paper C) Individuals are major purchasers of commercial paper D) Nonfinancial firms buy commercial paper