Which of the following is most likely to be observed in a community where legal ceilings are imposed on residential rents?
A) Landlords will do a better job of property maintenance.
B) People moving into the community will have difficulty locating residential space to rent.
C) Poor people will be able to find adequate housing.
D) Tenants will reduce their use of housing space.
E) The people most in need of housing will be able to obtain the space they want.
B
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Direct controls are generally much more costly than emissions taxes because
A. under direct controls emissions cutbacks are usually not apportioned among the firms on the basis of their ability to reduce pollution cheaply and efficiently. B. emissions tax per unit of output is higher than the per-unit direct control program cost. C. government cannot legally levy emissions taxes that are as high. D. firms disregard emissions taxes.
The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Canadian dollar ________ against the U.S. dollar and the Japanese yen ________ against the U.S. dollar
A) depreciated, depreciated B) appreciated, appreciated C) appreciated, depreciated D) depreciated, appreciated
List some examples of the scarcity that you face
What will be an ideal response?
Persistent high inflation combined with high unemployment in an economy is known as _____
a. disinflation b. stagflation c. hyperinflation d. demand-pull inflation