In a rent-controlled building, a landlord would most likely negotiate with a tenant who has ______.
a. recently moved into an apartment
b. a low income
c. lived in the apartment for 15 years
d. a large family
c. lived in the apartment for 15 years
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The 2011 U.S. distribution of income shows that the top 20 percent of families have approximately what share of income?
a. 20 percent b. 35 percent c. 50 percent d. 80 percent
During the 1980s,
A. both the national debt and the deficit increased. B. neither the national debt nor the deficit increased. C. the national debt increased while the deficit decreased. D. the national debt decreased while the deficit increased. E. the national debt was the same thing as the deficit and it increased.
The slope of the budget line represents the rate at which the consumer is willing to trade one good for another at any given bundle
Indicate whether the statement is true or false
Suppose the cost of producing two goods, x and y, can be represented as C = ax + by + cxy. If there are economies of scope, then which of the following must be TRUE?
A) c > 0 B) a + b = -c C) c = 0 D) c < 0