The price received by sellers in a market will increase if the government
a. decreases a binding price floor in that market.
b. increases a binding price ceiling in that market.
c. increases a tax on the good sold in that market.
d. imposes a binding price ceiling in that market.
b
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Monopolies can misallocate resources by restricting output in an attempt to raise prices and profits.
Answer the following statement true (T) or false (F)
The shortest time lag for monetary policy is the implementation lag.
a. true b. false
What are the benefits and costs to Indian citizens of allowing Indian companies to copy and sell patent-protected drugs developed by U.S. companies?
Please provide the best answer for the statement.
Over the period from 1870 to 2010, the growth of real GDP per capita tended to be more rapid between ________, particularly for ________.
A. 1870-1950; the United States B. 1950-2010; Japan C. 1870-1950; Canada D. 1870-1950; Japan