If the government imposes a ceiling price on apartment rents, we would expect to observe all of the following except one. Which is the exception?
a. an increase in the number of new apartment complexes being built
b. long waiting lists for apartment seekers
c. lower maintenance of existing apartments
d. conversion of some apartment complexes to condos
e. a shortage
A
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Expected wealth is a weighted average in which the weights are
A) average utilities. B) marginal utilities. C) total utilities. D) probabilities.
What two factors are the keys to determining labor productivity?
A) technology and the quantity of capital per hour worked B) the growth rate of real GDP and the interest rate C) the average level of education of the workforce and the price level D) the business cycle and the growth rate of real GDP
Interest rate increases lead to currency appreciation and increases in net exports
a. True b. False Indicate whether the statement is true or false
"Dumping" refers to
A) the sale of goods abroad at a price below their cost and below the price charged in the domestic market. B) unloading of foreign goods on domestic docks. C) government actions to remedy "unfair" trade practices. D) buying goods at low prices in foreign countries and selling them at high prices in the United States.