In cities with rent controls, the actual rents paid can be ________ than the legal maximum. One explanation for this is because there is a ________ of apartments, tenants are ________
A) higher; surplus; often forced to pay rents higher than the law allows
B) lower; shortage; rarely willing to pay rents lower than the law allows
C) lower; surplus; never willing to pay rents below the legal maximum
D) higher; shortage; often willing to pay rents higher than the law allows
D
Economics
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The health care system in the United States is referred to as ________, a system where private doctors and hospitals provide almost all health care services
A) a single-payer system B) a universal health insurance system C) socialized medicine D) a private health care system
Economics
The above figure shows a labor market with minimum wage equal to $16. In this figure, what area equals the deadweight loss?
A) area A B) area B C) area C D) area D E) area E
Economics