This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A binding price ceiling i. causes a surplus. ii. causes a shortage. iii. is set at a price above the ... (Read 52 times)

gonzo233

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
A binding price ceiling i. causes a surplus. ii. causes a shortage. iii. is set at a price above the equilibrium price. iv. is set at a price below the equilibrium price.
 a. (ii) only
 b. (iv) only
 c. (i) and (iii) only
  d. (ii) and (iv) only

Question 2

Rapid inflation makes holding a large amount of money:
 a. wiser, because you will generally need more and more to buy the goods and services you want.
  b. less wise, because the opportunity cost of holding money is high.
 c. less wise, because someone might steal it, or it might be destroyed.
 d. wiser, because the opportunity cost of holding money is high.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

memslove

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


gonzo233

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Gracias!

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Complementary shapes of a substrate and its binding site on an enzyme Complementary shapes of a substrate and its binding site on an enzyme
Macromolecules can have distinct binding sites for multiple ligands Macromolecules can have distinct binding sites for multiple ligands
Alan Price - Poor People Alan Price - Poor People
Although crassly put by the cartoonist, behind the glass ceiling lies this background assumption. Although crassly put by the cartoonist, behind the glass ceiling lies this background assumption.
Conserved residues in the DNA-binding helices of l cI repressor and Cro Conserved residues in the DNA-binding helices of l cI repressor and Cro
Regulatory Proteins Binding to lac Operon Regulatory Sequences Regulatory Proteins Binding to lac Operon Regulatory Sequences
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library