If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then job search would not be a problem

If a price ceiling is not binding, then a. the equilibrium price is above the price ceiling

b. the equilibrium price is below the price ceiling. c. it cannot be legally enforced. d. None of the above is correct because all price ceilings must be binding.

Patents and copyrights

a. are illegal in the United States b. reduce barriers to entry in markets c. protect small firms from large firms d. lead to increased output and decreased prices e. provide incentives for firms to engage in research and development