Rent ceiling
What will be an ideal response?
The maximum price a landlord is allowed to charge for rent
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You are closely following the elections in your country this year
The two main candidates who are running for president belong to the two biggest parties that are on opposing ends of the political spectrum—the Conservative Right and the Left Alliance. There are also a few independent candidates. You have decided that you will cast your vote depending on each candidate's stance on various issues like foreign policy, gun rights, taxes, gay marriage, and healthcare. As the campaigns heat up, you notice that the viewpoints expressed by both parties seem to converge to the center rather than being extreme left or right opinions. Given that the candidate with the highest number of votes wins the elections, what do you think could explain this convergence?
A significant problem that emerged as a result of price ceilings imposed by the Office of Price Administration during World War II was that
a. the controls were largely ineffectual since most producers and consumers ignored them b. the burden of the war effort still fell disproportionately on poor people c. most price ceilings were set above their market equilibrium, so they had no real impact d. rent controls discouraged investment in new housing, intensifying the chronic housing shortage e. they created price speculation that ended up raising all prices above their equilibrium levels
In the short run, an increase in export sales would cause output to ________ and the price level to ________.
A. fall; stay constant B. rise; rise C. fall; rise D. rise; stay constant
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. If this farmer maximizes profits, his revenue per bushel will be
A. $7. B. $9. C. $11. D. $15.