You have noticed that there is an increase in the number of homeless people in your city. At the same time you observe that there are also a number of vacant apartments. You believe that the government could reduce the number of homeless people if landlords were required to rent their apartments for less than they are currently charging. This policy recommendation would be motivated by concerns over
A. equity.
B. stability.
C. efficiency.
D. economic growth.
Answer: A
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Economist John Maynard Keynes noted one of the main contributors to the Great Depression in the 1930s was:
A. insufficient spending causing below natural rate output. B. an insufficient agriculture sector, unable to produce enough food for the large US population. C. poor infrastructure for manufacturing. D. a labor market that could not meet the demands of the market at the time.
Which of the following involves efforts by government or businesses that give special rights to minorities in hiring, promotion, or access to education to offset past discrimination?
a. Affirmative action b. Diversity training c. Reverse discrimination d. Multiculturalism
The demand curve for capital
a. is vertical. b. is horizontal. c. is derived from households' decisions concerning saving and spending. d. reflects the marginal productivity of capital.
Over time, technology tends to:
A. diminish in nations that are still developing. B. spread from country to country, equalizing opportunity costs. C. allow developing nations to experience the "catch-up" effect. D. set countries apart in terms of productivity.