Discrimination based on age, race, gender, or family status very likely increases as a result of rent ceilings
Indicate whether the statement is true or false
TRUE
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If an individual has a 0.3 probability of receiving $10 and a 0.7 probability of receiving $20, the expected income is
A) $20. B) $7. C) $14. D) $17.
High-income industrial nations such as the United States and Japan tend to have their highest tariffs in
A) newer, high-technology manufacturing industries. B) capital-intensive, diversified manufacturing. C) agriculture, clothing, and textiles D) Both A and B. E) None of the above.
When a drug company develops a new drug it is granted a ________ making it illegal for other firms to enter the market until the ________ expires
A) franchise; franchise B) copyright; copyright C) government license; government license D) patent; patent
In the above figure, over the price range P5P6, demand is
A) unit elastic. B) elastic. C) perfectly inelastic. D) inelastic.