In New York City, apartment rent can be adjusted only when a tenant leaves. This leads
A) people to change apartments often.
B) landlords to encourage tenants to stay in their apartments.
C) tenants to stay in apartments longer than they would otherwise.
D) businesses to build new rental units.
Answer: C
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Use the following diagram to answer the next question.
In the diagram, solid arrows reflect real flows and broken arrows are monetary flows. Flow (6) might represent
A. the purchase of armored personnel vehicles by government. B. corporate income tax payments. C. the payment of payroll taxes by households. D. the purchase of basketballs by the Ogallala school district.
The information in the above table gives the 2000 base period market basket and prices used to construct the CPI for a small nation. The table also has 2010 prices. What is the value of the CPI for 2010?
A) 140 B) 133 C) 100 D) 71.4 E) 142
Which of the following could cause the supply of carrots to decrease?
a. Consumers' incomes decrease. b. There is a technological advance in carrot production. c. Fertilizer costs increase. d. The number of farmers growing carrots increases. e. The price of carrots decreases.
When the government lowers income taxes, consumption is ______________, causing a __________ the AD curve
A) stimulated; rightward shift of B) stimulated; movement down along C) reduced; leftward shift of D) reduced; movement up along