A binding price ceiling is presented graphically as a(n):
a. price at equilibrium.
b. price below equilibrium.
c. price above equilibrium.
d. inefficiently low quality of the good provided.
Ans: b. price below equilibrium.
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When the U.S. capital and financial account shows a positive balance, that is an indication of
A) the United States acquiring more foreign reserves. B) the value of U.S. exports of capital goods exceeding the value of U.S. imports of capital goods. C) foreigners investing more in the United States than the United States is investing abroad. D) U.S. industries becoming more competitive. E) the value of all U.S. exports exceeding the value of all U.S. imports.
Who tends to lose from labor migration?
A. The firms in the country of origin B. The migrant workers C. The firms in the destination country D. The workers in the country of origin who did not migrate