In the United States, before OPEC increased the price of crude oil in 1973, there was
a. no price ceiling on gasoline.
b. a nonbinding price ceiling on gasoline.
c. a binding price ceiling on gasoline.
d. a nonbinding price floor on gasoline.
b
Economics
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The fair insurance price is where ____________, where Y is the income that is lower than the income involving the fair insurance
Fill in the blank(s) with the appropriate word(s).
Economics
Any output combination outside a production possibilities frontier is associated with unused or
underutilized resources. Indicate whether the statement is true or false
Economics