If the government places a price ceiling on cancer-treating drugs, then
A. The supply of cancer-treating drugs will increase.
B. There will be no change in the number of people who die from cancer.
C. Fewer cancer treating drugs will be available.
D. Fewer people will die from cancer.
Answer: C
Economics
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When a government has a budget surplus, the surplus
A) helps finance investment. B) crowds-out private saving. C) must be subtracted from private saving to get total saving. D) increases the world real interest rate.
Economics
Janelle spends all of her income on songs from iTunes ($1 each) and applications ($5 each) for her iTouch. If she makes her best affordable choice, she purchases 20 songs and 4 applications, what is her real income in terms of applications?
A) 40 applications B) 4 applications C) 10 applications D) 20 songs
Economics