Applying neoclassical theory to the housing market, the idea that "housing is a good investment" refers to ________
A) higher expected household income
B) the inability to buy as much housing at a higher price
C) an expected increase in the relative price of housing
D) a decrease in the cost of building new houses
C
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Which of the following is most likely to indicate a statistically significant regression coefficient?
A) |t| > R2 B) R2 > .90 C) |t| > 2 D) |t| > 4
Describe the effect education and training have on outcomes in the labor market
What will be an ideal response?
Why is it that all of our wants cannot be satisfied?
A) because of shortages B) because we cannot seem to decide what we really want C) because other people try to change your mind about what you want D) because limited resources mean all the goods we want cannot be obtained
Under a system of marketable pollution permits:
A. firms with lower costs of reducing emissions are likely to sell permits to those with higher costs of reducing emissions. B. environmentalists can decrease pollution by purchasing permits. C. the government can decrease the amount of pollution to the desired level. D. All of these are correct.