Price ceilings set below the ______ price distort price signals and incentives to producers and consumers.

Economics is the study of how ________ manages its ________ resources to satisfy its wants

A) society; unlimited B) society; scarce C) a household; unlimited D) a household; scarce

Refer to Figure 11-4. Many countries in Africa strongly discouraged and prohibited foreign direct investment in the 1950s and 1960s. By doing so, these countries were essentially preventing a moment from

A) A to E. B) B to A. C) D to B. D) E to B.