One of the earliest known rent control laws was instituted in which city and when?
a. New York at the start of WWII
b. Washington D.C. during the Civil War
C. Paris in the 1700s
d. Rome in the 1400s
e. Chicago during the Great Depression
Answer: C. Paris in the 1700s
Economics
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Which of the following REDUCES equality of income or wealth relative to the market distribution?
A) government payments to the poor B) a regressive income tax C) high taxes on bequests D) non-assortative mating
Economics
Refer to Table 4-7. The equations above describe the demand and supply for Pauline's Pickled Pomegranates. What are the equilibrium price and quantity (in thousands) for Pauline's Pickled Pomegranates?
A) $20 and 10 thousand B) $60 and 20 thousand C) $15 and 45 thousand D) $30 and 15 thousand
Economics