What is a shortcoming of price control legislation?
a. Price controls lower the quantity supplied.
b. Price controls create surpluses.
c. Price controls decrease the quantity demanded.
d. All of the above are shortcomings of price controls.
.A
Economics
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Debits (negatives) in the current account of the balance of payments accounts include
a. imports of goods. b. exports of services. c. transfers received from other countries. d. purchases of U.S. government bonds by foreigners. e. all of the above.
Economics
The long-run effects of rent controls are a good illustration of the principle that
a. society faces a short-run tradeoff between unemployment and inflation. b. the cost of something is what you give up to get it. c. people respond to incentives. d. government can sometimes improve on market outcomes.
Economics