Which of the following is the best example of a monopolistically competitive market?

The value of a country's exports during a particular year was $610,000 and the value of its imports was $995,000. Which of the following is true?

A) The country ran a fiscal deficit of $605,000 during that year. B) The country ran a trade surplus of $385,000 during that year. C) The country ran a trade deficit of $385,000 during that year. D) The country ran a budget surplus of $1,605,000 during that year.

Rent controls and the minimum wage are both examples of price ceilings

Indicate whether the statement is true or false