Most recessions in the United States since World War II have begun with a
A) rise in oil prices.
B) stock market crash.
C) a major devaluation of the dollar.
D) decline in residential construction.
D
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A rent ceiling is
A) fair, because it helps all renters. B) fair, because it insures that low-income families can rent apartments. C) fair, because it helps all landlords. D) unfair. E) fair, because it helps more renters than it harms.
What are the reasons for preferring competition to monopoly?
What will be an ideal response?
The theory that firms will be slow to change their products' prices in response to changes in demand because there are costs to changing prices is called
A. cost-benefit theory. B. menu cost theory. C. transactions cost theory. D. gift exchange theory.
For U.S. data,
A) median incomes were about the same in 2001 as in 1967 B) median incomes had fallen from 1967 to 2001 C) the spread in incomes had widened some between 1967 and 2001 D) the spread in incomes had narrowed some between 1967 and 2001