If the market price is at equilibrium, the deadweight loss is maximized
Indicate whether the statement is true or false
FALSE
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The above figure shows the apartment rental market in Bigtown. If the Bigtown Housing Authority imposes a rent ceiling of $1,000 per month, the ceiling will
A) help all renters. B) help some renters and hurt other renters. C) help all landlords. D) have no effect at all on the Bigtown rental market.
Which of the following will reduce the supply of motorcycles?
a. An increase in the population age 16 to 35, the primary consumers of motorcycles. b. An increase in taxes imposed on motorcycle producers. c. A technological improvement reducing the production costs of motorcycles. d. A government study that reveals motorcycle riders, on average, live 10 years longer than those who don't ride motorcycles.
If the MPC is 2/3, then 2/3 of the effect of an increase in government purchases on aggregate demand will come from increased consumption
a. True b. False Indicate whether the statement is true or false
In a barter economy with "n'' number of goods there will always be:
A. fewer than "n'' relative prices. B. "n''/2 relative prices. C. exactly "n'' relative prices. D. more than "n'' relative prices.