Among the most important supply side factors explaining homes prices would be the
A. size of the metropolitan area and the cost of land.
B. size of the metropolitan area.
C. cost of land.
D. size of the homebuyer's car.
Answer: C
You might also like to view...
A characteristic of outsourcing is
a. completely unrelated to vertical integration b. likely to be profitable exactly when vertical integration is unprofitable c. it prevents a firm from focusing on its core competencies d. it prevents the exploitation of differing degrees of economies of scale at different points in the supply chain
If the demand increases in a perfectly competitive market, firms will likely:
A. experience a loss due to increased competition. B. set prices artificially higher permanently. C. enter the market in hopes of capturing some profits. D. have to engage in more advertising in order to further stimulate the increase in demand.
What would be the actuarially fair premium for an insurance policy that pays $1,000 in the event of a loss that has a 25% chance of occurring?
A. $250 B. $750 C. $1,250 D. $500
Empirical evidence indicates that imposing taxes on polluting emissions by firms
a. has no effect on the amount of pollution emitted. b. does not give the government leeway to regulate more dangerous emissions differently than less dangerous emissions. c. does reduce the amount of pollution emitted. d. discourages firms from investing in new methods of pollution abatement.