Which of the following explains the rise in income inequality in the United States from 1970 to 2011?
a. An increase in minimum wages.
b. An increase in the demand for skilled labor.
c. An increase in the demand for unskilled labor.
d. Reduced international trade with low-wage countries.
b
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Which of the following is NOT a characteristic of rent controls?
A. Fewer newly built apartment buildings. B. Greater availability of apartments. C. Lower expenditures on maintenance. D. Excess demand for apartments.
Dramatically redistributing income from the rich to the poor could make society worse off
a. True b. False Indicate whether the statement is true or false
Countries with more economic freedom during 1980-2009 tended to do which of the following?
What will be an ideal response?
Which of the following examples would be least likely to happen in a rent-controlled apartment?
a. The repair of a tile floor would be delayed for months. b. The tenants would be reluctant to move. c. A new toilet would be installed. d. The walls would require repainting.