A legal maximum on the price at which a good can be sold is called a price
a. floor

Showing the government's budget deficit as a percentage of nominal GDP is a simple way to correct for the effects of both inflation and the ability of the economy to handle the deficit.

What will be an ideal response?

A firm that is the only seller of a product and is in sole control of a market has a

A) monopoly. B) quantity regulations. C) subsidy. D) public good.