The above table gives the demand schedule and the supply schedule for housing in Anytown, U.S.A. If a rent ceiling of $600 was imposed in the housing market, then
A) there would be a surplus of apartments.
B) there would be a shortage of apartments.
C) the market would reach equilibrium at the quantity of 60 housing units.
D) the supply of housing would increase.
C
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Which of the following statements is correct?
A. Because it is subject to change, and frequently does, consumer and business confidence has only a minimal impact on future economic activity. B. Because it has historically remained steady, consumer and business confidence has only a minimal impact on future economic activity. C. Consumer and business confidence is extremely important and can have a great impact on future economic activity. D. Consumer confidence is extremely important and can have a great impact on future economic activity. The same is not true of business confidence.
Based on Table 3.1, which country or countries has an absolute advantage and a comparative advantage in shoes?
A) Mexico has an absolute and comparative advantage in shoes. B) The United States has an absolute and comparative advantage in shoes. C) The United States has a comparative advantage, and Mexico has an absolute advantage in shoes. D) Mexico has a comparative advantage, and the United States has an absolute advantage in shoes. E) There is not enough information to tell.
At a carnival roulette wheel, a player can either win $10, $30, or $80 . If it costs $35 to play, we would expect to see
a. A long line of players waiting to play b. No players for the game c. The carnival losing money per play d. Both A&C
Referring to Table 4.1, Box C should be filled with 
A. $2. B. $100. C. $200. D. $0.