The largest rent subsidy program provides what is called ______
a. Section 6 housing.
b. Section 8 housing.
c. public housing
d. AFCD housing
b
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A firm producing calculators and cell phones purchases new machinery that increases the productivity of producing calculators
Assuming that the number of calculators produced is measured on the horizontal axis and the number of cell phones produced is measured on the vertical axis, how will the introduction of the new machinery change the firm's production possibilities curve? A) The production possibilities curve will shift to the left. B) The production possibilities curve will shift rightward. C) The production possibilities curve will pivot rightward about the vertical axis. D) The production possibilities curve will pivot rightward about the horizontal axis.
While it is possible to erect barriers to foreign competition and save domestic jobs, restricting international trade may impose large costs on an economy
a. True b. False Indicate whether the statement is true or false
What are two ways to reduce pollution that require firms to pay to pollute?
a) corrective taxes and pollution permits b) corrective taxes and command-and-control policy c) pollution permits and command-and-control policy d) pollution regulations and pollution permits
Assume that the income effect dominates the substitution effect. When workers experience a ________ price surprise, they ________ perceive that their real wage rate has ________, which leads them to work fewer hours.
A. negative; incorrectly; risen B. negative; correctly; fallen C. positive; correctly; risen D. positive; incorrectly; risen