Why would a landlord most likely give a tenant an incentive to leave a rent-controlled apartment?
a. to attract tenants will lower incomes
b. to remodel the apartment and list it at a higher rent
c. to provide the tenant with start-up money for a business
d. to repair the apartment so it will pass the government code
b. to remodel the apartment and list it at a higher rent
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Polonia produces two goods - X and Y. The quantity produced of the two goods and their prices in two different years are given in the table below:
Year Good X Price Good X Quantity Good Y Price Good Y Quantity 1 $10 100 $12 250 2 $25 120 $22 300 i) Calculate the real GDP of Polonia in Year 2 taking Year 1 as the base year. ii) What is the growth rate of Polonia's real GDP between Year 1 and Year 2?
Firms often use patent rights as a:
A) barrier to exit. B) barrier to entry. C) way to achieve perfect competition. D) none of the above
Suppose that the UIP holds. If the U.S. interest rate is 9% and the eurozone interest rate is 5%, then in the short run we would expect:
a) the dollar to appreciate approximately by 4% b) the dollar to depreciate approximately by 4% c) the dollar to appreciate by 14% d) insufficient information is provided
Refer to Figure 8.9. This farmer's profit-maximizing level of output is __________ units of output. A) 100 B) 350 C) 500 D) 700