In a closed economy, the formula for public saving is: Sprivate = T + G + TR

Often people trying to withdraw money from their bank must wait in line, which reflects a ________ allocation method

A) first-come, first-served B) market price C) contest D) command

Sherry wants to rent an apartment. Although rents are below what she is willing to pay, she cannot find an apartment. Then after a month of searching, she finds an apartment but she has to pay an additional $1,000 to have the locks changed

Sherry has just experienced the effects of ________. A) a rent floor with a black market B) inelastic demand C) a market working efficiently D) a rent ceiling