If house purchases and renting an apartment are substitutes, then an increase in the price of a new house results in a rise in the rent charged for apartments
Indicate whether the statement is true or false
TRUE
You might also like to view...
The fall in the money multiplier and money supply during the Great Depression
a. suggests that the public but not banks can be a major participant in the money supply process. b. implies that banks but not the public can be a major participant in the money supply process. c. means that neither the banks nor the public were involved in the money supply process. d. illustrates that both the public and banks can be major players in the money supply process.
When the dollar buys less foreign currency, there has been a depreciation of the dollar.
Answer the following statement true (T) or false (F)
Which of the following is not true about government taxation?
a. It is an indirect way to shift resources. b. It is free of opportunity costs. c. Taxes are levied on both citizens and businesses. d. Taxes are unequally levied among citizens. e. Taxes are a tool for debt reduction.
The efficiency of market organization is dependent on which of the following?
a. well-regulated supply and demand b. the availability of low cost resources and high tariffs on foreign imports c. competitive markets and well-defined and enforced private property rights d. Government establishment of the invisible hand principle and the inelasticity of certain goods.