Rent controls and usury laws are price _____.
Fill in the blank(s) with the appropriate word(s).
ceilings
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If the price of a good increases, ________
A) the budget constraint shifts to the right B) the budget constraint shifts to the left C) the consumer surplus increases D) the consumer surplus decreases
If you were the Chairman of the Fed and faced a recession, you would most likely
a. encourage commercial banks to provide loans by buying government securities b. encourage commercial banks to provide loans by raising the discount rate c. encourage commercial banks to provide loans by selling government securities d. restrict commercial bank lending by selling government securities e. restrict commercial bank lending by lowering the federal funds rate
The costs of pollution abatement
A. decrease at an increasing rate with the increase in pollution abatement. B. increase at an increasing rate with the increase in pollution abatement. C. decrease at a decreasing rate with the increase in pollution abatement. D. increase at a decreasing rate with the increase in pollution abatement.
Why do most large firms incorporate rather than operate as sole proprietorships or partnerships?