Who bears the costs of a program to control rents at a maximum level?
A) landlords or owners of housing units
B) consumers who face difficulty moving to a more suitable apartment
C) homeless who cannot find rental units
D) all of these
Answer: D
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The figure below shows the demand curve, marginal revenue curve, marginal cost curve and average total cost curve for a monopolist. 
This monopolist maximizes its profit by producing ________ units per day and charging a price of ________ per unit.
A. 8; $6 B. 8; $14 C. 4; $6 D. 4; $18
A sudden decrease in the market demand in a competitive industry leads to
a. Losses in the short-run and average profits in the long-run b. Above average profits in the short-run and average profits in the long-run c. New firms being attracted to the industry d. Demand creating supply
The lag between an increase in government spending and the impact of this increased spending on the economy is called the __________ lag
A) effectiveness B) transmission C) legislative D) data
The fact that U.S. managers' salaries are substantially greater than those of comparable managers in Japan may be related to:
A. an increase in the demand for CEOs. B. the comparatively greater competitive markets in Japan. C. the greater number of public goods provided in the United States. D. an increase in the supply of CEOs.