Which of the following groups has the lowest malnutrition rate among children less than 5 years of age?
a. middle-income economies
b. low-income economies
c. high-income economies
d. sub-Saharan African economies
e. all the world's economies
C
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One consequence of rent ceilings set below the equilibrium rent is that
A) a surplus of housing units develops. B) renters are no longer exploited by landlords. C) it makes the long-run housing supply more elastic. D) search costs for housing increase.
A rise in the price of a nation's currency relative to foreign currencies is called
a. appreciation b. depreciation c. surplus on current account d. foreign exchange e. devaluation
The price of a good will tend to rise when
a. there is excess demand for the good. b. the supply of the good increases. c. demand for the good decreases. d. there is excess supply of the good.
When buyers will purchase exactly as much as sellers are willing to sell, what is the condition that has been reached?
a) supply and demand b) excess demand c) equilibrium d) price floor