Answer the following questions true (T) or false (F)
1. Government intervention in agriculture began in the United States in the 1890s.
2. Rent control is an example of a price floor.
3. Price floors are illegal in the United States.
1. FALSE
2. FALSE
3. FALSE
Economics
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Refer to the table above. The current account balance is equal to
A) +$200 billion. B) +$220 billion. C) +$20 billion. D) -$220 billion. E) -$200 billion.
Economics
Suppose this customer is known to throw a fit and scare away other customers if charged high prices. If the shopkeeper moves first, he would ask for
a. A high price b. A low price c. A pony d. All of the above
Economics