U.S. savings bonds and corporate bonds are referred to by economists as unearned money

If Californians increase their purchases of Italian wine, assuming all else remains constant, this will ________ of the United States

A) decrease the balance of payments B) increase the current account balance C) increase net exports D) decrease the balance of trade E) decrease the trade deficit

A price floor policy establishes a minimum price for a market, and the policy is said to be binding if the market equilibrium price is less than the floor price. What impact does a binding price floor have on the market outcome?

A) Excess supply B) Excess demand C) Shortage D) No impact, and the market price and quantity equal their equilibrium values