Which group of individuals most likely benefits from rent controls?
A. single parent families without savings or other financial assets who fail to obtain rental housing
B. upper-income professionals who rent apartments at the price ceiling rate
C. the unemployed who fail to obtain rental housing
D. low-income wage earners who fail to obtain rental housing
Answer: B
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It appears that many business firms discriminate against hiring young women of child bearing age in the United States and that this type of discrimination has been reduced in Europe
This may be an example of successful government intervention because A) many European governments have laws against this type of discrimination. B) many European governments subsidize maternity leave and child care, lowering the cost of hiring these women. C) Europeans are less likely to discriminate on the basis of gender. D) Europeans are more likely to discriminate on the basis of gender.
A museum is NOT a public good if
A) there can be no congestion. B) the museum receives donations from members of the public. C) an entry fee is charged and people are denied entry if they do not pay. D) the general public typically does not go to the museum.
Assume that the Cambridge k = 0.2. If income increases by $20,000, the demand for money will change by
A) $20,000. B) $10,000. C) $5,000. D) $4,000.
Holding all else constant, a decrease in consumption taxes, such as sales taxes or a VAT, will ________ aggregate expenditure and ________ employment
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease