Suppose I have $1,000 to put into a one-year CD. Community Bank offers 5 percent interest, Floatbank offers 5.25 percent, and Squidbank offers 5.40 percent. If I place my money in Squidbank, my economic profit on the investment is
a. 5.40 percent
b. 5 percent
c. 0.40 percent
d. 0.15 percent
e. -0.40 percent
D
Economics
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A price ceiling caused the gasoline shortage of 1973 in the United States
a. True b. False Indicate whether the statement is true or false
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