Which of the following is NOT an attempt to evade rent controls?
A) make life unpleasant for tenants
B) require tenants to get furniture from the landlord
C) subletting
D) using the courts to challenge the sublease of a tenant
Answer: D
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The figure above shows Sally's budget line and one of her indifference curves. At point a, Sally's marginal rate of substitution is ________
A) 1/4 B) 4 C) 10 D) 40
Suppose the domestic supply (QS) and demand (QD) for skateboards in the United States is represented by the following set of equations:QS = -60 + 3PQD = 390 - 2PIf the United States can import skateboards from the rest of the world at a per unit price of $75, how many skateboards will be produced in the United States?
A. 285 B. 240 C. 165 D. 215
Those that believe that the recent period of slow growth will pass and that higher levels of growth can be created
A. are all conservatives suggesting regulation and pro-business tax policies. B. are all liberals suggesting increased government spending and redistributive tax and entitlement policies. C. are a combination of those described above. D. are all techno-optimists.
If the price of cereal increases by 10 percent and the amount of milk demanded decreases by 2 percent, then the cross-price elasticity of these goods is:
A. - 0.2 B. 5. C. 0.2. D. - 5.