If a price above equilibrium is imposed on a market, welfare will increase when the price control is lifted. If a price control is below equilibrium and then is repealed and allowed to rise to equilibrium, welfare in the system will increase.
A. Both statements are false.
B. The first statement is true and the second is false.
C. Both statements are true.
D. The first statement is false and the second statement is true.
Answer: D
Economics
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For restrictive covenants to help reduce the moral hazard problem, they must be ________ by the lender
A) monitored and enforced B) written in all capitals C) easily changed D) impossible to remove
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