You can borrow $5000 to finance a new business venture. This new venture will generate annual earnings of $251. The maximum interest rate that you would pay on the borrowed funds and still increase your income is

The shortage created by a price ceiling will likely be

A) smaller if the good is a necessity. B) larger if the good is addictive. C) smaller if the good is a luxury. D) unaffected by the time that has elapsed since the price ceiling is implemented. E) None of the above answers is correct.

Unemployment reached what level at the end of the Great Recession from 2007-2009?

a. 7% b. 8% c. 9 % d. 10%