State mechanic lien laws
(a) required licensing of mechanics.
(b) permitted laborers to make claims against the assets of an employer or business
if it fell into bankruptcy.
(c) assured payment for value added by labor to property of third parties.
(d) gave property owners with goods held "in bailkment" a guarantee of competent
repair work by mechanics.
(b)
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In the market for British pounds, if the current exchange rate is above the equilibrium rate,
a. there is an excess supply of pounds and those who hold pounds will be able to sell them and make a profit b. there is an excess supply of pounds and the exchange rate will fall c. there is an excess demand for pounds and suppliers will not be able to supply enough pounds to meet the demand d. there is an excess demand for pounds and the exchange rate will rise e. the quantity of pounds supplied is barely sufficient to meet the quantity demanded
Suppose that the amount of portable power banks demanded increases by 10 percent when the price of personal computers falls by 5 percent. The cross price elasticity of demand between portable power banks and personal computers is
A) 0.5. B) -2.0. C) -0.5. D) 2.0.