The graph shows the market for holiday condos in West Palm Beach. If a rent ceiling is set at $1,700 a week, the quantity of holiday condos rented
A) is 2,000 a week.
B) is 4,000 a week.
C) is 5,000 a week.
D) is some amount, but more information is needed to determine the amount.
E) depends on the black market.
B
Economics
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The argument that many critics of free trade have suggested that genetic engineering of plants and animals could lead to accidental production of new diseases is the
A) national security argument. B) infant industry argument. C) protecting domestic jobs argument. D) environmental and safety argument.
Economics
You use $5,000 of your own money to start a dog-walking business. During the first year you earn a 5% return on your investment. If the current interest rate on savings is 8%, you earn an economic profit of
A. -$150. B. $150. C. $250. D. $400.
Economics