Who benefits primarily from rent? controls?
A) construction workers
B) poor people looking for low-income housing
C) all who want to rent
D) only renters who are able to get units at below-market rates
Ans: D) only renters who are able to get units at below-market rates
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Price ceilings are only effective when they are placed below the market equilibrium price
Indicate whether the statement is true or false
To eliminate a recessionary gap, Keynesian theory indicates that government should
A) increase taxes. B) decrease taxes. C) increase government purchases. D) decrease government purchases. E) b or c
A coffee shop owner has surveyed all her customers about the frozen mocha drinks they will buy. What kind of table might she use the show the information?
a. individual demand schedule b. market demand schedule c. individual demand curve d. market demand curve
If Country X has a higher labor productivity than the rest of the world in the production of a good, then Country X has a comparative advantage in the production of the good.
Answer the following statement true (T) or false (F)