In a city that has rent control for apartments, there is
A) less turnover of apartments.
B) a surplus of apartments available to rent.
C) a shortage of renters in the city.
D) neither a surplus nor a shortage of apartments.
Answer: A
You might also like to view...
If there is an increase in the number of discouraged workers in a country, ________
A) the unemployment rate will decrease B) the labor force participation rate will increase C) the unemployment rate will increase D) the labor force participation rate will decrease
The production possibilities frontier model assumes all of the following except
A) the level of technology is fixed and unchanging. B) any level of the two products that the economy produces is currently possible. C) labor, capital, land and natural resources are fixed in quantity. D) the economy produces only two products.
According to Linder, the gains from international trade come about because consumers are exposed to
A) a greater variety of goods. B) increasing returns to scale. C) imperfect competition. D) None of the above.
Which of the following is the best example of a change in the seller’s input prices?
a. The amount of sales tax increases. b. The fees charged by a law firm increase. c. The cost of factory labor increases. d. The price of sandwiches increases.