In an efficient market, deadweight loss is ____.
A. maximum.
B. minimum.
C. constant.
D. zero.
Answer: D
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In the long run, the economy needs applied research geared toward specific products more than it needs basic research, which is not motivated by or directed toward manufacturing
a. True b. False Indicate whether the statement is true or false
Suppose that because of climatic conditions, the smog levels in Los Angeles suddenly soar to dangerous levels. The most successful policy in this case would be
A. direct controls to limit driving. B. taxes on drivers at rush hours. C. voluntary cooperation to reduce driving. D. removal of autos with excessive emissions.
Which of the following is a common result of rent controls?
a. Tenants often move from one rent-controlled apartment to another. b. The upgrades for rent-control apartments increase. c. New housing incentives are reduced. d. Landlords increase their profits.
?Which of the following rules out perfect collinearity among the regressors?
A. ??Multiple regression B. ?Simple regression C. ?Time series regression D. ?Cross-sectional regression