A price restriction that tells suppliers the minimum price they can sell their goods for is also known as
A) a price ceiling.
B) a quota.
C) a price floor.
D) deadweight loss.
A
Economics
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A cost borne not by the producer but by other people is called ________ cost
A) an unregulated B) an external C) a consumer D) a non-production
Economics
It is said that a wage increase can have two opposing effects. Which of the following captures these two effects?
a. A backward-bending labor-supply curve b. A perfectly elastic labor-supply curve c. A perfectly inelastic labor-supply curve d. A perfectly elastic labor-demand curve e. A backward-bending labor-demand curve
Economics