The production possibilities curve shows various combinations of two products that an economy can produce when there is full employment and economic efficiency.

Suppose the government imposes a price ceiling that is lower than the equilibrium price. Discuss the effect, if any, on the price and quantity if the government later removes the price ceiling

What will be an ideal response?

Right-to-work laws allow striking union members to be permanently replaced

a. True b. False Indicate whether the statement is true or false