The U.S. is a net importer of agricultural products.

The deadweight loss from a rent ceiling below the equilibrium rent is smallest when the supply of housing is

A) perfectly elastic. B) elastic but not perfectly elastic. C) unit elastic. D) inelastic but not perfectly inelastic. E) perfectly inelastic.

Commodity money

A) has value independent of its use as money. B) has little to no value independent of its use as money. C) can be used to purchase commodities, but not services. D) is backed by a valuable commodity such as gold.