Victor is a senator from kansas who wants to farmers. he has worked to encourage the passage of a law that would impose a binding price floor on wheat. what would he expect his critics to say? a. the binding price floor will encourage consumers to eat too much wheat. b. the binding price floor will cause a surplus of wheat that farmers will be unable to sell. c. the binding price floor will discourage farmers from planting wheat and they will plant other crops instead. d. the binding price floor will discourage farmers from using the most productive farming methods available. e. the binding price floor will cause a shortage of wheat.

Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.