The rate at which one currency can be traded for another is called the

Suppose the city of Chicago imposes a rent control program that fixes rents at $400 below the equilibrium rent. With this plan

A) the quantity of apartments demanded will increase. B) the quantity of apartments supplied will increase. C) young people and poor people will have an easier time finding apartments. D) the deadweight loss in Chicago's apartment market will be eliminated. E) there will be a surplus of apartments offered for rent.

The imperfect capital market justification for infant industry promotion

A) assumes that new industries will tend to have low profits. B) assumes that infant industries will soon mature. C) assumes that infant industries will be in products of comparative advantage. D) assumes that banks can allocate resources efficiently. E) assumes that developing country will reward the donor country.