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 330 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
Gracias!

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
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.
BISON: Ceiling of a cave at Altamira BISON: Ceiling of a cave at Altamira
US federal budget deficit/surplus and debt US federal budget deficit/surplus and debt
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Requirements for nervous signals

For a complete list of videos, visit our video library