Rent controls are
A. when rents are set above the market clearing level to aid landlords.
B. used to provide incentives to contractors to build new apartments.
C. when rents are set below the market clearing level.
D. used to generate revenue for the local government.
Answer: C
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All of the following would be included in aggregate expenditure except
A. social security payments. B. changes in inventories. C. sales of domestically produced goods to foreigners. D. purchases of services provided by government employees.
Refer to Figure 4.1. Simon's available strategies include
A) top and bottom. B) up and down. C) left and right. D) all of the above
A useful economic model
A) utilizes only the two most important factors to analyze the problem under consideration. B) generates statements that are incapable of refutation. C) represents every detail of the real world. D) yields usable predictions and implications for the real world.
Foreign investment can be economically beneficial for all of the following reasons except:
A. increases the GDP of the host country by giving it access to additional resources. B. increases the GDP of the investing country by providing it with ways to earn higher returns on its capital. C. makes the world a more efficient place by moving capital from places with low returns to places with high returns. D. it always leads to a higher interest rate.