The figure above shows the demand for and supply of rental housing in Smallton. If a rent ceiling is set at $400, how many apartment units are rented?

A) 2,000
B) 3,000
C) 4,000
D) None of the above answers is correct.

A

Economics

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When break-even investment is subtracted from investment per worker, the result is

A) the change in the capital-labor ratio. B) saving. C) the steady state. D) capital stock dilution.

Economics

The reason for the Fed being set up as an independent agency of government is to

A. allow it to earn profits like private firms. B. make it be managed and controlled by member banks. C. protect it from political pressure. D. let it be able to compete with other financial institutions.

Economics