Question

True or False 1. The achievement of greater efficiency in the United States has been at the expense of growing inequality. 2. One of the consequences of allowing wages to fall in the United States has been growing wage inequality. 3. If the budget deficit was eliminated, the federal government would have more money than it could spend. 4. Market economies are not constrained by scarcity; only planned economies have that problem. 5. Rent controls and controls on other prices often aggravate the very problem they are intended to solve. 6. Since rent controls have been in effect in New York City, apartments have been more plentiful. 7. A minimum wage law may cause unemployment among low-skill workers. Economists disagree on most economic issues facing an economy.

Answer 1

1) Solution: True

Explanation: In the United States the achievement of greater efficiency has been at the expense of increasing inequality

2) Solution: True

Explanation: The fall in the wages in the U.S. has been growing wage inequality

3) Solution: False

Explanation: The federal government would not have more money even if the budget deficit was eliminated

4) Solution: True

Explanation: Scarcity is the main problem of an economy

5) Solution: True

Explanation: Rent controls and controls often causes further more problems

6) Solution: False

Explanation: With effective rent controls in New York City there are fewer apartments

As per policy we have to answer first four parts. I have answered more than it