Rent control is a price _____.
Fill in the blank(s) with the appropriate word(s).
ceiling
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According the Keynesian macroeconomic model, which of the following was responsible for starting the Great Depression?
A) too little private spending B) too little government spending C) high taxes D) decreases in the quantity of money E) decreases in technology
Mark started taking guitar lessons when all his cousins started playing guitar. This is an example of ________
A) peer effect B) moral hazard C) adverse selection D) a pecuniary externality
_________ tend to think about others and are less interested in self. They seek outside opinions
a. Introverts b. Extroverts c. Experts d. None of the above is correct
When a tax is imposed on a good, the resulting decrease in consumer surplus is always larger than the resulting decrease in producer surplus
a. True b. False Indicate whether the statement is true or false