The figure above shows the demand for and supply of rental housing in Smallton. If a rent ceiling is set at $800, what is the rent?
A) $800
B) $600
C) $400
D) None of the above answers is correct.
B
Economics
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The international debt crisis of early 1982 was precipitated when ________ could not pay its international debts
A) Russia B) Mexico C) Brazil D) Malaysia E) China
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Opportunity cost:
a. applies only to consumption decisions. b. applies only to production decisions. c. is the same as monetary costs. d. exists because of scarcity. e. is irrelevant for wealthy economies.
Economics