You have noticed that there is an increase in the number of homeless people in your city. At the same time you observe that there are also a number of vacant apartments. You believe that the government could reduce the number of homeless people if landlords were required to rent their apartments for less than they are currently charging. This policy recommendation would be motivated by concerns over
A. economic growth.
B. efficiency.
C. equity.
D. stability.
Answer: C
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A tax on buyers will cause the equilibrium price paid by the consumer to ________ and the equilibrium quantity to ________.
A. increase, decrease B. decrease, decrease C. decrease, increase D. increase, increase
Refer to Figure 2-2. If Mendonca chooses to produce 160 pounds of vegetables, how much meat can it produce to maximize production?
A) 0 pounds of meat B) 30 pounds of meat C) 60 pounds of meat D) 120 pounds of meat
By the year 2100, global warming may lead to
a. shifts in world rain patterns. b. disruption of agriculture. c. expanded deserts. d. coastal inundation. e. all of the above
In many countries, the system of titling is:
A. weak, slowing economic development. B. weak, allowing more and faster investment. C. strong, slowing the amount of property transfer. D. strong, slowing economic growth.