One problem with rent controls is that policy makers often ignore its secondary effects
a. True
b. False
A
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Which of the following terms identifies something that macroeconomists would study but that microeconomists would NOT?
A) incentives B) resources C) rationality D) aggregates
Refer to the information provided in Figure 6.4 below to answer the question(s) that follow.
Figure 6.4Refer to Figure 6.4. Bill?s budget constraint is AC. If the black bean price increases, Bill?s budget constraint will
A. remain at AC. B. swivel toward AD. C. swivel toward AB. D. swivel toward 0D.
The 12 regional Federal Reserve Banks
A. are not allowed to make loans to banks in their districts. B. regulate banks in their districts. C. have more voting members on the FOMC than does the Board of Governors. D. are each headed by a member of the Board of Governors.
Which of the following decreases in labor demand is due to a change in the price of a related resource?
A. A decline in the demand for computers in Europe reduces the demand for workers in the domestic computer industry. B. The rise of hair salons for both men and women reduces the demand for barbers. C. A decrease in the educational skills of manufacturing workers decreases the demand for such workers. D. An increase in the price of chemical equipment increases the cost of producing fertilizer, thus decreasing the demand for workers who make fertilizer.