Refer to Figure 4-8. With rent control, the quantity supplied is 200 apartments. Suppose apartment owners ignore the law and rent this quantity for the highest rent they can get. What is the highest rent they can get per month?
A) $1,000 B) $1,500 C) $2,000 D) $2,300
C
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An excise tax on imported items is known as a(n)
A. price ceiling. B. quota. C. export restriction. D. tariff.
A dividend is:
A. an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. B. a financial asset that represents partial ownership of a company. C. a payment made periodically to all shareholders of a company. D. a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate.
A firm's demand for labor is derived in part from
A. the value of the firm's stock price. B. consumer demand for the firm's product. C. worker preferences for jobs. D. the level of monthly union dues. E. the firm's sunk costs.
Which of the following statements about M1 and M2 is not true?
A. M2 is larger than M1. B. M2 is more liquid than M1. C. Transaction accounts are part of M2. D. Transaction accounts are part of M1.