Rent controls are an example of a
A. price floor for the consumer and a price ceiling for the producer.
B. nonprice rationing device.
C. price floor.
D. price ceiling.
Answer: D
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Roughly 60 percent of women participate in the labor force today
a. True b. False Indicate whether the statement is true or false
Suppose a new freshman enters State U with the objective of having lots of fun while getting good grades. Suppose that Friday and Saturday night offer the best/most efficient times for having fun and the day time offers the best time for studying. She should
a. study every single waking hour. b. party every single waking hour. c. assume there is no tradeoff between fun and grades. d. assume there is a constant tradeoff between fun and grades. e. assume there is a tradeoff between fun and grades that reflects increasing opportunity cost.