In the figure above, with the rent ceiling
A) there is a shortage of 3,000 units.
B) there is a surplus of 3,000 units.
C) there is a surplus of 2,000 units.
D) there is a shortage of 1,000 units.
E) the market is in equilibrium.
A
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The Ricardo-Barro effect of a government budget deficit refers to
A) a change in private savings supply. B) a large crowding out effect from a government budget deficit. C) a large crowding out effect from a government budget surplus. D) the international impact of government deficits.
Which of the following would NOT be considered unemployed?
A) a new entrant to the labor force B) a job leaver who is looking for a better job C) an individual fired by her employer D) a newly retired worker
In the arena of trade policy, the battle often seems to be between ________ laws that increase protectionism and ________ agreements that try to reduce protectionism.
a. national; national b. international; international c. national; international d. international; national
After the formation of the European Community (EC), three new nations were admitted in 1973 based on their conformance and compatibility with existing democratic norms, economic stability, and economic development. The nations were:
A) Portugal, Spain, and Finland. B) Belgium, the Netherlands, and Luxembourg. C) Denmark, Ireland, and the United Kingdom. D) Italy, Greece, and Turkey.