An effective rent control will
A) lead to a surplus of housing units.
B) keep rents below the competitive market level.
C) keep rents above the competitive market level.
D) be set at the price where quantity supplied equals quantity demanded.
B
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The table above provides information about the marginal social cost and marginal social benefit of street lights, which are a public good
a) What quantity would a private company provide? Why? b) What is the efficient quantity?
If Ebenezer Scrooge spends rather than saves his vast wealth, he will
A) promote economic growth because he is increasing the amount of funds available for investment. B) slow economic growth because he is reducing the amount of funds available for investment. C) slow economic growth because he is increasing the amount of funds available for investment. D) promote economic growth because he is decreasing the amount of funds available for investment.