Multiple Choice
If goods are not rationed according to price,if follows that
A) they won't get rationed at all.
B) some non-price rationing device will be used to ration the goods.
C) first-come-first-served will necessarily be the rationing device used in the market.
D) there will be surpluses in the market.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A price floor set above the equilibrium
Q2: A shortage of unskilled labor will occur
Q3: A minimum wage law (that sets the
Q5: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q7: In order for a price floor to
Q8: The minimum wage is a good example
Q9: Which of the following is true?<br>A) Buyers
Q10: Which of the following is false?<br>A) When
Q11: If the current market price of good