Price floors lead to market surpluses
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Product differentiation is a defining characteristic of
A) perfectly elastic demand. B) oligopoly. C) perfect competition. D) monopolistic competition.
When smaller political groups wish to have influence in a government with pluralistic voting, they will:
A. drop from races, and consolidate with larger parties. B. stay in political races, in the hopes of swaying the vote away from the candidate the majority favors. C. drop from races, and campaign instead to sway the vote away from the candidate the majority favors. D. stay in political races, in the hopes of a miracle.
If total spending rises from one year to the next, then the economy must be producing a larger output of goods and services
a. True b. False Indicate whether the statement is true or false
In the absence of trade barriers, patterns of trade are driven by comparative advantage.
a. true b. false