If the government were to remove rent controls from the New York City rental market, then
A) all would be harmony.
B) the price paid by buyers would decrease and the quantity of rental units will decrease.
C) the price received by sellers would increase and the quantity of rental units will increase.
D) the price received by sellers would decrease and the quantity of rental units will decrease.
C
Economics
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The classic example of a detrimental externality is
A. education. B. pollution. C. discovery of an AIDS vaccine. D. Mrs. Lewis’ prize-winning rose garden.
Economics
Which of the following is not a direct determinant of net export spending?
A. Domestic income. B. Interest rates. C. Exchange rates. D. Foreign income.
Economics