|
Title: A price ceiling imposed on a good that is below the equilibrium price will result in a shortage of ... Post by: bonge4379 on Mar 21, 2018 A price ceiling imposed on a good that is below the equilibrium price will result in a shortage of that good.
a. True b. False Indicate whether the statement is true or false Question 2 Which of the following would mostly likely shift the production possibilities curve in an outward direction? a. a decrease in the current rate of unemployment b. a movement along the curve sacrificing capital goods for consumption goods c. an increase in the price of goods and services d. advances in medicine that reduce the incidence of disease and lengthen productive life spans Question 3 An increase in disposable income would tend to shift aggregate demand right. a. True b. False Indicate whether the statement is true or false Question 4 A price floor does not benefit producers. a. True b. False Indicate whether the statement is true or false Question 5 When more resources in an economy are devoted to the production of capital goods: a. the production possibilities curve shifts inward. b. the production possibilities curve in the current period shifts inward, but shifts outward in the future. c. the production possibilities curve shifts outward next in the future. d. the production possibilities curve is unchanged from period to period. Question 6 A trade deficit means that net exports are positive. a. True b. False Indicate whether the statement is true or false Question 7 A price floor is the minimum price that consumers have to pay for a particular product. a. True b. False Indicate whether the statement is true or false Question 8 When economic growth occurs it will: a. eventually eliminate scarcity. b. shift the production possibilities curve to the left. c. be a product of luck. d. often result from improved technology. Question 9 Exports are not included in GDP because they do not reflect domestic consumption. a. True b. False Indicate whether the statement is true or false Question 10 When a market is in surplus, there is pressure for the price to move upward. a. True b. False Indicate whether the statement is true or false Title: A price ceiling imposed on a good that is below the equilibrium price will result in a shortage of ... Post by: mithaprilla on Mar 21, 2018 TRUE d TRUE FALSE c FALSE TRUE d FALSE FALSE Title: A price ceiling imposed on a good that is below the equilibrium price will result in a shortage of ... Post by: bonge4379 on Mar 21, 2018 :-] I'm impressed
|