Many student government candidates at colleges and universities propose rent controls on local rental housing as a way to help students afford rental housing. Economic theory suggests that this policy would harm students as a whole despite the fact that some students who are able to find housing at the reduced price would benefit. Which of the following are some of the offsetting secondary
effects of the rent controls that would work to the disadvantage of students?
a. There would be a shortage of rental housing, making it very difficult for students to find places to rent and causing increased discrimination in the rental housing market.
b. There would be a reduction in the quality of rental housing.
c. There would be a reduction in the future supply of rental housing.
d. All of these would be secondary effects of the rent controls.
d
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Refer to Figure 9-5. The tariff causes domestic consumption of coffee
A) to fall by 7 million pounds. B) to rise by 6 million pounds. C) to fall by 27 million pounds. D) to rise by 20 million pounds.
Use the figure below, which shows a linear demand curve and the associated total revenue curve, to answer the question.
The price for which 100 units can be sold is $________.
A. 15 B. 25 C. 45 D. 10 E. 50
Which of the following is included in the computation of gross domestic product?
(a) Government transfer payments, such as unemployment benefits (b) Purchases of used goods, such as used cars (c) Child care tasks performed by househusbands (d) Total value of business inventories (e) Additions to business inventories
The slopes of the curve at points A and B (maximum and minimum) are: 
A. zero and 1. B. zero and zero. C. 1 and zero. D. infinity and zero.