When a rent ceiling is ________, consumer surplus and producer surplus shrink, a deadweight loss ________, and resources are lost in search activity and evading the rent ceiling law

Private disposable income equals GDP ________

A) minus corporate profits and net factor income B) plus transfer payments and net exports C) plus depreciation, transfer payments, and interest payments on government debt D) plus net factor income minus net government income E) none of the above

The minimum legal price that can be charged in a market is:

A. full economic price. B. a price floor. C. a price ceiling. D. non-pecuniary price.