Government expenditures on housing subsidies at all levels total more than $45 billion a year

a. True b. False

a

Economics

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Suppose the equilibrium price of oranges is $2.00 per pound. If the actual price is above the equilibrium price a

A) shortage exists, and the price falls to restore equilibrium. B) surplus exists, and the price rises to restore equilibrium. C) shortage exists, and the price rises to restore equilibrium. D) surplus exists, and the price falls to restore equilibrium. E) surplus exists, but nothing happens until either the demand or the supply changes.

Economics

Over the past few years, airlines have tended to compete in the market for intercontinental business class travelers on the basis of:

A) price. B) cost. C) timeliness of their flight schedules. D) amenities.

Economics