Effective price floors keep market price
A. above the equilibrium price and create surpluses.
B. above the equilibrium price and create shortages.
C. below the equilibrium price and create surpluses.
D. below the equilibrium price and create shortages.
A. above the equilibrium price and create surpluses.
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Which of the following can be a solution to the lemons problem?
a. Providing testimonials from previous buyers. b. Providing accessories to be used in the car. c. Providing discount on the purchase of a car. d. Providing a warranty that covers the costs of certain repairs.
Which statement is true?
A. William Julius Wilson and Charles Murray are basically in agreement about the causes of the formation of a permanent underclass. B. The permanent underclass has more white members than black members. C. There is very little evidence to show that there is actually a permanent underclass. D. There are more poor whites than poor blacks in the United States.