Refer to Figure 13-1. Ceteris paribus, a decrease in personal income taxes would be represented by a movement from

The new European Economic Community, after it changed its name to the European Communities, tackled two issues related to:

A) enlargement (expansion) of the European Communities and economic integration between members. B) immigration and terrorism. C) secret Nazi cells and latent communism. D) unemployment and inflation.

The major drawback of a binding price ceiling is: a. it causes a surplus

b. government regulations of this kind are difficult to enforce c. it causes a shortage. d. none of the above; there is no drawback.