A union contract requiring elevator operators in a building with automatic elevators is an example of
A) a closed shop.
B) featherbedding.
C) a lockout.
D) a right-to-work requirement.
Answer: B
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Which of the following must occur as a result of ceilings on apartment rents that are set below market clearing rental rates?
A) Property owners respond to the ceilings by increasing maintenance and repairs. B) Property owners respond to the ceilings by constructing new apartment buildings. C) There is a decrease in the quantity of apartments that prospective tenants wish to rent. D) There is a decrease in the quantity of apartments that property owners offer for rent.
Which of the following policy obstacles could occur because it is difficult to know how market participants will respond to specific prices?
A. Velocity problems. B. Implementation problems. C. Design problems. D. Goal conflicts.