Suppose the market clearing rent is $500 per month, but a rent control is established at $400 per month. Which is most likely to emerge?
A) The demand for apartments would increase.
B) The supply of apartments would increase.
C) The scarcity of apartments would decrease.
D) The quantity of apartments demanded would exceed quantity supplied.
D
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If a German firm produces cars in the United States, that production should count towards
A) U.S. GDP. B) German GDP. C) U.S. GNP. D) both U.S. GNP and German GDP.
Potential problems with incentive based compensation are
a. not evaluating the relevant performance measures b. rewarding outcomes that are not included in the performance evaluation c. not granting rewards for meeting performance measures d. all of the above
If a monopoly wishes to sell more output, it must:
A. lower the price. B. find a more cost effective way to produce its goods. C. be in the economies of scale range of its ATC. D. eliminate its existing competition.
Which of the following is an example of an agency concerned with social regulation?
A) Federal Communications Commission B) Securities and Exchange Commission C) Consumer Product Safety Commission D) Federal Energy Regulatory Commission