The above figure shows the apartment market in Big City. A rent ceiling of $1400 per month would
A) create a black market.
B) increase search activity.
C) not affect the market.
D) create a surplus of apartments.
C
Economics
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The fixed-cost fallacy occurs when
a. A firm considers sunk costs in making decisions b. A firm ignores relevant costs c. A firm considers overhead or depreciation costs in making decisions d. Both a and c
Economics
Which of the following is in charge of U.S. aid to foreign countries?
a. Agency for International Development (AID). b. World Bank. c. International Monetary Fund (IMF). d. New International Economic Order (NIEO).
Economics