The above figure shows the market for 2 bedroom town homes in San Diego. If a rent ceiling is set at $1,000 per month, what is the maximum rent someone is willing to pay in the black market?
A) $1,300 per month
B) $1,000 per month
C) $900 per month
D) $1,100 per month
E) $1,400 per month
A
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Which of the following will take place in the foreign exchange market if there is an increase in the demand for products made in the United States?
A) The supply of dollars will decrease. B) The demand for dollars will decrease. C) The demand for dollars will increase. D) The dollar will decrease in value.
In the 1600s, _____ and _____ emerged as the chief competitors in the race for control of North America
a. Spain; England b. England; Holland c. England; France d. Spain; France
Fred receives $14,000 per year from the federal government because he is disabled. This is a
A) demerit good. B) transfer payment. C) non-rival good. D) free rider problem.
Benefits from international trade are based on the following differences, except:
A. In resource endowments B. In technological capabilities C. In product quality and other attributes D. In income levels