If a rent ceiling is set ________ the equilibrium price, the effect can result in a housing ________
A) below; surplus
B) below; shortage
C) above; shortage
D) above; surplus
E) equal to; surplus
B
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A professional basketball franchise is trying to assemble a parcel of land to build an arena. There are 25 houses on the land the franchise needs. In this case,
A) eminent domain can reduce transactions costs and make a pie-increasing arena possible. B) eminent domain can reduce the likelihood of holdouts and make a pie-increasing arena possible. C) eminent domain is not called for as the land can probably be acquired more efficiently through bargaining. D) Both A and B are correct.
Leading economic indicators are economic indicators that __________ changes in economic activity
A) change after B) change at the same time as C) change before D) None of the above.
The purpose of antitrust legislation is
A) to reduce unemployment. B) to reduce the power of monopoly. C) to increase the power of monopoly. D) to maximize employment for a given price level.
The key dimension of deepening human capital in the U.S. economy focuses more on a higher average level of work experience than on additional education and training
a. True b. False Indicate whether the statement is true or false