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Author Question: A long line at the campus bookstore at the beginning of the term is an example of A) price ... (Read 202 times)

mckennatimberlake

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on: Jun 29, 2018
A long line at the campus bookstore at the beginning of the term is an example of
 
  A) price rationing.
  B) an ineffective price ceiling.
  C) a non-price rationing device.
  D) an ineffective price floor.

Question 2

One of the assumptions underlying the production possibilities curve is that
 
  A) at least one of the factors of production is a free good.
  B) the quantity of the resources available for the production of economic goods is fixed over a given time period.
  C) there is at least one factor of production that is employed inefficiently.
  D) some of the factors of production are not being used.


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Liamb2179

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

C

Answer to Question 2

B


mckennatimberlake

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

chereeb

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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