Which of the following is an economic policy that promotes the efficient quantity of apartments?
A) a rent floor above the equilibrium rent
B) a rent ceiling below the equilibrium rent
C) a sales tax imposed on renting an apartment
D) none of the above
D
Economics
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When the production process extends over more than one year, the value of the final product is:
A. included in GDP for the year in which production began. B. included in GDP for the year in which production was completed. C. allocated equally to GDP in each year. D. allocated to GDP in each year according to the value added in that year.
Economics
Table 14.3In Table 14.3, Market 3 would be in equilibrium if buyers believed lemons account for:
A. 45% of the market. B. 50% of the market. C. 55% of the market. D. 60% of the market.
Economics