The textbook suggests that rent controls
A) actually contribute to the housing boom in an area where they are applied.
B) actually contribute to the housing shortage in the area where they are applied.
C) are used in a government kickback scheme.
D) have no effect on the local housing market.
B
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Propecia was developed to treat mild to moderate male pattern hair loss in men. Marco has hair loss and he is willing to pay any amount of money to be able to buy this drug each month. Marco's price elasticity of demand is ________
A) perfectly inelastic B) perfectly elastic C) elastic D) inelastic
Refer to Figure 15-6. The monopolist's total revenue is
A) $1,116. B) $1,488. C) $1,726.40 D) $1,826.
The opportunity cost of producing a dining room table refers to the
a. quantity of money required to produce the table b. quantity of money required to buy the table c. quantity of other goods that must be given up to produce the table d. quality of the table e. use of lumber to produce the table
Which of the following is an exogenous variable in the Three-Sector-Model?
a. Real Domestic GDP b. GDP price index c. Quantity of currency per time period d. Open market operations e. All of the above are exogenous