Which of the following is an example of a black market transaction? Annie rents an apartment ______.
Fill in the blank(s) with the appropriate word(s).
In a rent controlled city by paying $1,000 for an extra set of keys
You might also like to view...
Which of the following methods is used by unions to increase the demand for the labor of its members?
A) Decrease the marginal product of union members. B) Support minimum wage laws. C) Oppose import restrictions. D) Decrease demand for the good produced.
Sharon buys some common stock in 1990 for $10,000 and sells it in 2000 for $15,000 . During the same period, prices have risen by 75 percent. The net result of Sharon's stock purchases is that she will
a. pay no taxes because she earned negative real capital gains. b. lose purchasing power and have to pay taxes anyway. c. earn a real capital gain of $5,000 plus 75 percent. d. earn a real capital gain of $15,000 minus 75 percent.
If a tax did not induce buyers or sellers to change their behavior, it would not cause a deadweight loss
a. True b. False Indicate whether the statement is true or false
Given the following information, compute the unemployment rate: 9 million unemployed; 119 million employed.
What will be an ideal response?