If a binding price floor is imposed on the video game market, then
a. the quantity of video games demanded will decrease.
b. the quantity of video games supplied will increase.
c. a surplus of video games will develop.
d. All of the above are correct.
d
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In early 1996, Congress passed the "Freedom to Farm Bill.". Following the bill's enactment,
a. farmers found that competition from international agriculture declined. b. farm prices rose steadily for the next 4 years. c. agriculture was completely deregulated, and farmers began to operate without any government subsidies or assistance. d. farm prices fell, leading Congress to authorize emergency payments to farmers in 1998 and 1999.
For the United States in 2012, exports and imports were roughly what percent of its GDP?
A. 56 percent and 44 percent, respectively B. 41 percent and 37 percent, respectively C. 21 percent and 26 percent, respectively D. 14 percent and 17 percent, respectively