Those that lose from the imposition of rent control are
A. tenants who pay lower rent.
B. those tenants who maintain their apartments.
C. all tenants.
D. landlords.
Answer: D
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As more producers with differing marginal rates of transformation are added, the joint production possibility curve becomes
A) steeper. B) flatter. C) more convex to the origin. D) smoother.
Early in U.S. history health insurance was provided to cover
a. income loss due disability or disease. b. hospital expenses. c. routine physicians' services. d. the catastrophic cost of medical care including hospitalization and physicians' services. e. medical costs due to specific diseases such as tuberculosis and alcoholism.
One reason why present dollars are worth more than future dollars is because income-earning investment opportunities exist.
Answer the following statement true (T) or false (F)
If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.