Which of the following is an example of the unfairness of rent control?
A) Voluntary exchange is encouraged by rent control.
B) Racial discrimination in renting is discouraged by rent control.
C) Newcomers have a more difficult time finding apartments.
D) Rich people do not get apartments in these markets.
E) Too many people rent apartments.
C
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The working-age population consists of all the people in the population
A) aged 16 and over. B) aged 16 to 65. C) aged 16 and over who are not in jail, hospital, or an institution or in the U.S. Armed Forces. D) aged 21 and over who are not in jail, hospital, or an institution or in the U.S. Armed Forces. E) who are employed plus the unemployed people.
In an economy with lump-sum taxes and no international trade, if the marginal propensity to consume is 0.8, which of the following is true?
a) when consumption increases by $5, investment increases by a maximum of $1 b) when consumption increases by $5, savings increase by a maximum of $1 c) when investment increases by $1, income increases by a maximum of $5 d) when investment increases by $1, consumption increases by a maximum of $5 e )when income increases by $1, investment increases by a maximum of $5