If a price ceiling of $2 per gallon is imposed on gasoline, and the market equilibrium price is $1.50, then the price ceiling is a binding constraint on the market

Governments are often forced to bail out large banks to prevent the entire economy from being affected adversely. This provision often encourages banks to invest in risky assets. This is an example of ________

A) moral hazard B) a positive externality C) adverse selection D) anchoring

A production possibilities curve measures opportunity cost in dollar terms.

a. true b. false