Recent housing reforms in Cuba should give homeowners? ________ incentives to repair their homes and therefore? ________ construction of new homes.

According to this Application, Janet L. Yellen, the Vice-Chair of the Board of Governors, believes that ________ in worldwide demand and ________ of supply were the primary cause of the worldwide increase in commodity prices

A) decreases; shortages B) increases; surpluses C) increases; shortages D) decreases; surpluses

If a firm accumulates unwanted inventories, then it

A) must hire more workers. B) will increase its production. C) has actual investment equal to its planned investment. D) will decrease its production. E) has actual investment that is less than its planned investment.

Arbitrage keeps markets from reaching equilibrium

Indicate whether the statement is true or false

What is a free rider?

a) a person who will only purchase a product on sale b) a person who receives a benefit of a good but avoids paying for it c) a person who can produce a good at no extra cost d) a person who takes advantage of tax loopholes to lower his taxes