With a rent ceiling set below the equilibrium rent, i. all renters are able to rent apartments at a lower rent. ii. there is a shortage of apartments. iii. the quantity of apartments supplied does not change because buildings cannot be moved

The infant industry argument is based on the idea of

A) learning-by-doing. B) absolute productivity advantage. C) global monopoly. D) countervailing duties.

Which of the following is not a category of consumption spending in the national income accounts?

A) Consumer durables B) Nondurable goods C) Services D) Housing purchases