The figure above shows the market for coffee. The ________ price that producers must be offered to get them to produce 10 million pounds of coffee per month is ________

A) maximum; $2.00
B) maximum; $3.50
C) minimum; $2.00
D) minimum; $3.50

C

Economics

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Which of the following events is least likely to take place under a fixed exchange rate system?

A) an increased volume of trade because of a decline in exchange rate volatility B) increased cross-border capital flows C) increase in cost of trade because of higher transaction costs D) increased cross-border labor flows in integrated economies

Economics

Would the services supplied by prostitutes and brothels be included in calculating GDP in the United States?

A) Yes, because those are final services. B) Yes, but only in those states where brothels are legal. C) No, because those services are immoral. D) No, because those are not truly economic services.

Economics