Because a price floor causes:
A. a shortage, some form of rationing must occur.
B. a surplus, some producers may ultimately lose because they won't have enough customers.
C. a shortage, rent-seeking will occur.
D. a surplus, everyone will be better off.
B. a surplus, some producers may ultimately lose because they won't have enough customers.
Economics
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Which of the following is a policy tool of the Fed?
i. setting the required reserve ratios ii. conducting open market operations iii. quantitative easing A) i only B) ii only C) iii only D) Both i and ii E) i, ii, and iii
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Your friend does not understand the benefits of globalization. Outline for your friend the positive economic aspects of globalization
What will be an ideal response?
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