Those that gain from the imposition of rent control are
A. landlords.
B. tenants who pay higher rent.
C. those tenants who maintain their apartments.
D. all tenants.
Answer: C
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Profits will be maximized when the slope of the total revenue curve and the slope of the total cost curve are equal.
Answer the following statement true (T) or false (F)
Explain the differences in people who are classified as unemployed, underemployed, and discouraged workers. Are these people included in the labor force?
What will be an ideal response?
A study of the U.S. price level and real GDP from 1972 to 2007 reveals a clear upward march toward higher prices and greater output. What explains this?
a. Both the aggregate demand curve and the aggregate supply curve have shifted to the left year after year. b. Both the aggregate demand curve and the aggregate supply curve have shifted to the right year after year. c. The aggregate supply curve has shifted to the right while the aggregate demand curve has shifted to the left. d. The aggregate supply curve has shifted to the left while the aggregate demand curve has shifted to the right.
According to the research described in your text, which of the following is among the factors that would increase a firm's probability of exporting?
A) low domestic productivity B) high domestic labor costs C) high level of efficiency D) high R & D demands