Which term refers to a legally established minimum price that firms may charge?
A) a tariff B) a price ceiling C) a subsidy D) a price floor
D
Economics
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The monetary base minus reserves equals
A) currency in circulation. B) the borrowed base. C) the nonborrowed base. D) discount loans.
Economics
Which of the following would cause the price elasticity of demand for a variable input to be greater?
A) the smaller the price elasticity of demand for the final product B) the longer the time period being considered C) the smaller the proportion of total costs accounted for by the variable input D) the harder it is for a variable input to be substituted for by other inputs
Economics