If the price of insulin is currently above the market-clearing level, then
A) there is a shortage of insulin.
B) the market for insulin is fully coordinated.
C) there is a surplus of insulin.
D) insulin is no longer a scarce good.
C
You might also like to view...
Traditional Keynesians tend to favor
a. monetary policy over fiscal policy because of the effectiveness of central banks. b. monetary policy over fiscal policy because it reduces interest rates.. c. fiscal policy over monetary policy because it doesn't impact interest rates. d. fiscal policy over monetary policy because of the liquidity trap. e. none of the above.
For the past several decades, the percentage of national income in the United States allocated to human capital (employees and self-employed workers) has been approximately
a. 20 percent. b. 40 percent. c. 60 percent. d. 80 percent.