Which of the following would lead to an increase in the demand for rental apartments in your area?
a. a reduction in the rental price of apartments
b. a sharp increase in the number of out-of-town students attending the local college
c. an increase in the cost of the materials used to construct apartment units.
d. an increase in unemployment and reduction in the income of people in your area
B
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According to Keynes, an individual's level of saving is primarily determined by
A) the individual's current level of disposable real income. B) the individual's assessment of the future direction of the stock market. C) real Gross Domestic Product (GDP) for the economy. D) the interest rate.
Gabriel operates a ranch in Idaho where he raises cattle and grows potatoes. The figure above illustrates his production possibilities frontier. What is Gabriel's opportunity cost of growing another ton of potatoes?
A) 0 cows B) 1 ton of potatoes C) 80 cows D) 400 cows E) 100 cows
Voluntarism in recycling garbage
a. generally has not been successful. b. works only where there is surveillance. c. increases the cost of recycling waste. d. has worked best of all recycling program alternatives.
Those who believe that market prices always incorporate all available information believe:
A. that randomly choosing a stock is not as effective as technical or fundamental analysis. B. that current stock prices does not represent true value as correctly as is possible. C. in the efficient-market hypothesis. D. All of these are true.