The EITC is refundable
Indicate whether the statement is true or false
T
Economics
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A rent ceiling results in a shortage. As a result, which of the following do you expect?
A) The shortage will persist as long as the ceiling is in effect. B) Discrimination as landlords choose their tenants, possibly based on race, age, or gender. C) A black market for apartments whereby higher rents are obtained through various other charges. D) All of the above would be expected.
Economics
Refer to the table shown. The average total cost of producing 5 units of output is:Units of outputTotal cost05111216320423525626
A. $25. B. $15. C. $10. D. $5.
Economics