Excess quantity demanded may result from
A) a government-imposed minimum price above market equilibrium.
B) a government-imposed maximum price below market equilibrium.
C) an oversupply of output.
D) technological progress.
B
Economics
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An open-market operation refers to
A) changing the money supply by changing taxes. B) changing the money supply by changing government spending. C) an exchange of money for interest-bearing debt by the monetary authority. D) an exchange of domestic money for foreign money by the monetary authority.
Economics
It presently costs 50 Canadian dollars for a lift ticket at Whistler Ski Resort in British Columbia. If the current value of the Canadian dollar is 0.68 U.S. dollars, how many U.S. dollars does it cost to ski at Whistler?
a. $16.00 b. $34.00 c. $73.50 d. $156.25
Economics