A rent ceiling below the equilibrium rent will create
A) a more efficient allocation of housing.
B) a larger number of apartments rented.
C) no change in the number of apartments rented.
D) increased search time and black markets.
D
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The labor force participation rate:
A. is measured by the labor force divided by the total population. B. tells us what fraction of the working-age population wants to be working. C. typically rises during periods of recession. D. is measured by those employed divided by the working-age population.
The GDP price index measures changes in the ________.
A. cost of resources employed in the nation B. amount of resources available in the nation C. prices of the output produced in the nation D. value of final output produced in the nation
Suppose the latest Hunger Games movie first played in theaters, where it sold out during its opening week. Several months later it was available on pay-per-view TV. Two years later it was shown on CBS, a broadcast television network. When the movie was playing in theaters, it was a ________ good; when it was available on pay-per-view TV, it was a ________ good; and when it was shown on CBS, it was a ________ good.
A. private; collective; public B. collective; commons; public C. private; public; public D. collective; private; commons
Roughly speaking, the estimated return to a year of education in the United States is roughly
A. 3% B. 0% C. 20% D. 9% E. 50%