Price floors cause ______.
a. surpluses
b. shortages
c. scarcity
d. equilibrium
a. surpluses
Economics
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Arbitrage occurs when an entity purchases a good in the lower priced market and sells it at the same time in the highed priced market. The existance of trade costs would ___ opportunites of abitrage
a) lower b) not affect c) increase d) completly eliminate
Economics
The equation E¥/£ = 100 means that:
a. one yen buys 10 pounds. b. 0.1 yen buys one pound. c. 10 yen buy one pound. d. 0.01 yen buys one pound.
Economics