List some of the problems that may arise when prices are controlled.
What will be an ideal response?
Apart from the standard set of issues associated with price ceilings and floors, following are some of the problems arising out of price controls: Favoritism and corruptionUnenforceabilityAuxiliary restrictionsLimitation of volume of transactionsMisallocation of resources
Economics
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The labor demand curve is downward sloping because as the real wage ________ the amount of labor hired ________
A) falls; decreases B) falls; increases C) rises; remains constant D) rises; increases
Economics
If British government bonds pay a higher interest rate than U.S. government bonds, the dollar should appreciate
a. True b. False Indicate whether the statement is true or false
Economics