The shortage that results from rent control will be smaller

A. in the short run.
B. in the long run.
C. when demand is more inelastic.
D. B) and C)

Answer: D

Economics

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Imposing trade barriers does all of the following except

A) lowers incomes. B) invites retaliation from foreign governments. C) lowers domestic prices. D) reduces economic efficiency.

Economics

What most frightens investors in the stock market is:

a. the possibility of losing their investments b. the possibility of gaining too much from their investments, and the resultant tax consequences c. the possibility that the prices of many investments may collapse simultaneously d. the possibility that a company that they have invested in will go bankrupt

Economics