In a market economy, buyers and sellers communicate their intentions to one another through:
A. government planners.
B. negotiations overseen by government agencies.
C. elected officials.
D. prices.
Answer: D
Economics
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When a law freezes residential rents at their existing level for as long as the vacancy rate remains below some target level,
A) owners will be encouraged to supply additional rental units. B) rents will be frozen indefinitely, or at least until the law is changed. C) affordable housing to low-income people will be guaranteed. D) the vacancy rate will rise.
Economics
The consumption schedule shows the relationship of household consumption to the level of:
a. The marginal propensity to consume b. Disposable income c. Investment d. Saving
Economics