Rent control is an example of
A) a subsidy for low-skilled workers.
B) a price floor.
C) a price ceiling.
D) a black market.
Answer: C
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Gross private domestic investment
a. excludes all investment in the United States by foreign firms b. includes all capital in the United States c. includes net additions to the capital stock plus all new corporate stocks and bonds d. includes expenditures on new factories, tools, and machinery e. excludes the expenditures on residential structures and the cost of changes in inventories
Estimates of the value of a college education are based on
A. present value. B. enumerated costs and benefits. C. plausible deniability. D. actual costs and benefits.
How can supply and demand analysis be used to explain the equilibrium price and quantity of exports and imports for aluminum when there is trade between two nations (e.g., the United States and Canada)?
What will be an ideal response?
M1 is a measure of
A) money and includes both currency and checking deposits. B) liquidity and in which the most liquid asset is money. C) money and includes both savings deposits and currency. D) money and includes both savings deposits and money market mutual funds.