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

Author Question: To say that a price ceiling is nonbinding is to say that the price ceiling a. results in a surplus. ... (Read 333 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
To say that a price ceiling is nonbinding is to say that the price ceiling
 a. results in a surplus.
 b. is set above the equilibrium price.
 c. causes quantity demanded to exceed quantity supplied.
  d. All of the above are correct.

Question 2

A gold standard is:
 a. a measurement of the importance of a good; it indicates high quality.
 b. the basis for monetary exchange internationally.
 c. an internationally recognized means for defining currency exchange rates.
 d. a system where currency (e.g., the dollar) was defined as equivalent in value to a certain amount of gold.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sokh

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Zulu123

  • Member
  • Posts: 525
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Results of selective breeding for oil content in corn plants. Results of selective breeding for oil content in corn plants.
Benign prostatic hyperplasia. The condition results when an inner capsule of nonfunctional prostate Benign prostatic hyperplasia. The condition results when an inner capsule of nonfunctional prostate
Results are shown for proteins denatured by two different environmental changes Results are shown for proteins denatured by two different environmental changes
National Sleep Foundation Survey Results National Sleep Foundation Survey Results
BISON: Ceiling of a cave at Altamira BISON: Ceiling of a cave at Altamira
Results of one round of replication of DNA Results of one round of replication of DNA
Video: Deafness Culture

For a complete list of videos, visit our video library