Based on the information in this graph showing the deadweight loss for rent controls in the short run, what would happen to the supply of rental units in ten days if a rent control were enacted today?
a. It would increase dramatically.
b. It would remain about the same.
c. It would decrease dramatically.
d. It would increase moderately.
b. It would remain about the same.
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In 2014, the Social Security Trust Fund held approximately
A. $3 trillion in stocks. B. $3 trillion in cash. C. $30 trillion in gold. D. $3 trillion in government bonds.
On which of the following government spending projects would the crowding out effect most likely be the greatest?
A) government spending on farm subsidies B) government spending on improvements in infrastructure C) government spending on research and development D) government spending on education
The age-earnings profile predicts that earnings will peak at
A) the 35-40 age level. B) the 45-50 age level. C) the 60-65 age level. D) retirement.
Evaluate the following: "Employers who discriminate against women will have lower costs than rival firms that hire employees strictly on the basis of merit (productivity)."