A. will remain the same
B. will decrease
C. will increase
D. could either increase of decrease
A. always determines the price at which a good must be sold
B. sets a legal maximum on the price at which a good can be sold
C. is not a binding constraint if it is set above the equilibrium price
D. sets a legal minimum on the price at which a good can be sold
A. decreases unemployment
B. decrease growth
C. increases unemployment
D. decreases inflation
A. total surplus is maximized
B. the value placed on the last unit production by buyers exceeds the cost of production.
C. producer surplus is maximized
D. the cost of production on the last unit produced exceeds the value placed on it by buyers.
E. consumer surplus is maximized
A. is productive activity to obtain private benefit from public action and resources
B. are the payments above the minimum essential to attract the resources to the market?
C. is the wage used to pay unskilled workers?
D. does not include monopoly profits
A. Free market economy
B. Laissez faire also Laisser faire
C. Open market economy
D. Liberal market economy
A. Australia
B. Argentina
C. China
D. Cuba