Trade restrictions cause
A. higher prices.
B. economic inefficiency.
C. both higher prices and economic inefficiency.
D. neither higher prices nor economic inefficiency.
C. both higher prices and economic inefficiency.
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People who benefit from a rent ceiling include
A) all landlords. B) taxpayers. C) tenants who have a rent-controlled apartment. D) potential tenants, that is, people looking for apartments. E) all landlords and some tenants.
The official settlements account records the change in ________
A) international trade B) U.S. official reserves C) foreign investment and domestic investment D) the reserves held by banks and the Fed
When UPS implemented changes which allowed it to deliver more packages with the same number of workers and planes, this represented a positive technological change
Indicate whether the statement is true or false
If your income increases by $1,500 and you only consume $900 of it, your marginal propensity to consume would be equal to:
What will be an ideal response?