The City Council of Happy Village is thinking about imposing rent controls. If they put rent controls in place, which constituency are they trying to please?
A) landlords
B) all taxpayers
C) existing tenants
D) all voters
Answer: C
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A) assets. B) units of account. C) liabilities. D) borrowings.
Education achievements ________
A) are a sufficient condition for economic development to occur B) are a guarantee of making a poor country wealthy C) cannot raise human capital D) are both rival and nonrival in character
There are twelve District Federal Reserve Banks
Indicate whether the statement is true or false
The price elasticity of demand for a textbook is estimated to be 1 no matter what the price or quantity demanded. In this case:
A. a decrease in price will increase the total revenue of sellers. B. a 10 percent increase in price will result in a 10 percent increase in the quantity demanded. C. a 10 percent increase in price will result in a 10 percent decrease in the quantity demanded. D. an increase in price will decrease the total revenue of sellers.