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Author Question: Scalping at major sporting events is an example of A) a surplus caused by the existence of price ... (Read 99 times)

ereecah

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on: Jun 29, 2018
Scalping at major sporting events is an example of
 
  A) a surplus caused by the existence of price ceilings.
  B) the operation of rationing by the market.
  C) a black market caused by a price ceiling.
  D) a black market caused by a price floor.

Question 2

Suppose the Fed conducts an open market sale of bonds. This monetary policy action will tend to cause
 
  A) the price of bonds to increase and the interest rate to increase.
  B) the price of bonds to increase and the interest rate to decrease.
  C) the price of bonds to decrease and the interest rate to increase.
  D) the price of bonds to decrease and the interest rate to decrease.


brbarasa

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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