What area in the above figure is the producer surplus at the efficient quantity?

A) A
B) A + B + C
C) F
D) D + E + F

D

Economics

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A practice which might force employers to use more labor than they would otherwise is referred to as

A) wall propping. B) featherbedding. C) mothballing. D) yellow-dogging.

Economics

Under rent control, landlords cease to be responsive to tenants' concerns about the quality of the housing because

a. with shortages and waiting lists, they have no incentive to maintain and improve their property. b. they become resigned to the fact that many of their apartments are going to be vacant at any given time. c. with rent control the government guarantees landlords a minimal level of profit. d. with rent control it becomes the government's responsibility to maintain rental housing.

Economics