Rent controls unintentionally create
A) scarcity of rental units.
B) surpluses of rental units.
C) shortages of rental units.
D) market-clearing outcomes in the apartment rental market.
C
Economics
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The table above gives data for the nation of Pearl, a small island in the South Pacific. If a supply shock decreases the quantity of real GDP supplied by $6 billion at each price level, the new equilibrium real GDP is
A) $16 billion. B) $19 billion. C) $22 billion. D) $23 billion. E) $17 billion.
Economics
Which of the following addresses agency costs?
a. advertising for employee positions in as many outlets as possible b. hiring only from job fairs c. instituting longer work days d. replacing closed offices with cubical office spaces
Economics