If a non-binding price floor were to be set in the market in the graph shown, it could be set at:
A. $30.
B. $23.
C. $16.
D. All of these would be binding price floors for this market.
C. $16.
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Among 33 major economies, government spending (relative to GDP) in the United States is ________
A) relatively low B) remarkably high C) about average D) lowest of all
In long-term job attachments, a worker's wage:
a. always exceeds his productivity. b. always falls below his productivity. c. is lower than his productivity at the beginning, then equals it, and then exceeds the same. d. is higher than his productivity at the beginning, then equals it, and then falls below the same.
If two products satisfy a consumer equally, the consumer will choose the product
a. with the lower marginal utility b. with the higher marginal utility c. with the lower price d. with the higher price
In general, state and local taxes tend to be
A. Flat. B. Proportional. C. Progressive. D. Regressive.