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dignity. Because of the law, workers cannot sell their services for less than the minimum. Furthermore, employers cannot force workers to accept jobs at unfair wages.
Economic theory predicts the results of economic decisions such as decisions about farm production, rent control, and the minimum wage. The predictions may be correct only if “other things are equal”. Economists do not agree on some of the predictions. They also do not agree on the value of different decisions. Some economists support a particular decision while others criticize it. Economists do agree, however, that there are no simple answers to economic questions.
62.There is the possibility that setting maximum rent may .
A)cause a shortage of apartments
B)worry those who rent apartments as homes
C)increase the profits of landlords
D)encourage landlords to invest in building apartment
63.According to the critics, rent control .
A)will always benefit those who rent apartments
B)is unnecessary
C)will bring negative effects in the long run
D)is necessary under all circumstances
64.The problem of unemployment will arise .
A)if the minimum wage is set too high
B)if the minimum wage is set too low
C)if the workers are unskilled
D)if the maximum wage is set
65.The passage tells us .
A)the relationship between supply and demand
B)the possible results of government controls
C)the necessity of government control
D)the urgency of getting rid of government controls
66.Which of the following statement is NOT true?
A)The results of economic decisions can not always be predicted.
B)Minimum wage can not always protect employees.
C)Economic theory can predict the results of economic decision if other factors are not changing.
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