The price ceiling that was used to control the price of housing in New York City and other cities was called ____________ .
a. rent control
b. rent abatement
c. housing control
d. equilibrium price
Ans: a. rent control
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In the 1980s, the number of bank failures increased dramatically in the United States, most of which were uninsured
a. True b. False Indicate whether the statement is true or false
According to Olsen, the dictator that promotes growth is the:
a. tinpot b. roving bandit c. the stationary bandit d. all dictators are good for growth e. non dictator is good for growth
In the figure at? right, the area of rectangle ABHG represents the? monopolist's
A. maximized total revenue.
B. average total profits
C. total costs
D. maximized economic profits
If a person is laid-off from a job and told that they will be brought back as soon as the economy picks up and demand for their product rises, then economists call this person
A. structurally unemployed. B. cyclically unemployed. C. frictionally unemployed. D. underemployed.