When the official price for goods and services is below the equilibrium price in a market, prices no longer perform their rationing function efficiently

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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What is the return on a 5 percent coupon bond that initially sells for $1,000 and sells for $1,200 next year?

A) 5 percent B) 10 percent C) -5 percent D) 25 percent

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About one out of every _______ whites is poor.

Fill in the blank(s) with the appropriate word(s).

Economics