A price floor will be binding only if it is set
A. equal to the equilibrium price.
B. either above or below the equilibrium price.
C. above the equilibrium price
D. below the equilibrium price
C. above the equilibrium price
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The Troubled Asset Relief Program (TARP) allowed
A) the Treasury to inject funds into commercial banks in return for stock in the banks. B) the Fed to provide funds to commercial banks in return for stock. C) the Treasury to insure bank deposits at major U.S. banks. D) the Fed to make loans to banks as the lender of last resort.
Which of the following is an example of economies of scale?
a. Output remaining constant when the number of workers increases from 50 to 100 b. Output increasing from 500 units to 600 units when the number of workers increases from 50 to 100 c. Output increasing from 500 units to 1,500 units when the number of workers increases from 50 to 100 d. Output increasing from 500 units to 900 units when the number of workers increases from 50 to 100