Which of the following is an example of the unfairness of rent control?
A) Voluntary exchange is encouraged by rent control.
B) Racial discrimination in renting is discouraged by rent control.
C) Newcomers have a more difficult time finding apartments.
D) Rich people do not get apartments in these markets.
E) Too many people rent apartments.
C
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The basic truth that underlies the study of economics is the fact that we all face
A. risk. B. scarcity. C. death. D. taxes.
What kinds of domestic policies, short of significant debt reduction, can be followed to alleviate a debt crisis? How effective have these policies been?
What will be an ideal response?
_________________ means that each unit of saved time is more valuable than the last unit
a. Acceleration effect b. Assimilation c. Separation d. Acculturation
When an economy operates efficiently,
A. the MRPs of every input into the production of a good are equal. B. marginal utility equals marginal cost for every good. C. the price of a good equals the sum of the marginal physical products of its inputs. D. All of the responses are correct.