Either the buyer or seller has an influence on the market price
What will be an ideal response?
imperfect market
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Before 2000, the three most recent U.S. recessions occurred in
A) 1969-1973, 1979-1982, and 1994-1995. B) 1973-1975, 1982-1985, and 1990-1991. C) 1973-1975, 1981-1982, and 1990-1991. D) 1981-1982, 1990-1991, and 1998-1999.
If workers become less productive, which of the following would happen in the labor market?
a. Labor supply would decrease. b. Labor supply would increase. c. Labor demand would decrease and labor supply would increase. d. Labor demand would increase and so would labor supply. e. Labor demand would decrease.
If Japan's debt level is much higher than that of the United States, the United States has more flexibility to run deficits.
Answer the following statement true (T) or false (F)
Suppose that the government imposes a maximum price on rental apartments and the market price of apartments does not change. The most likely explanation is that:
A. the law is impossible to enforce. B. apartment owners are withdrawing rental units from the market and forcing price up. C. market forces are pushing rental rates up to avoid a shortage of apartments. D. the maximum price set by the government was at or above the equilibrium price.