Which of the following was an effect of the affordable housing law in the cities Palo Alto, Laguna Beach, and Irvine?
a. It imposed a per-unit tax on builders of mid-range houses.
b. The law had a significant impact on the mid-range houses.
c. It imposed a per-unit tax on builders of expensive new houses.
d. The law had a significant impact on the supply of mid-range houses.
C
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Refer to Table 2-16. What is Finland's opportunity cost of producing one cell phone?
A) 0.25 board feet of lumber B) 4 board feet of lumber C) 12 board feet of lumber D) 16 board feet of lumber
A government policy that makes investments prior to retirement tax exempt until retirement increases the amount saved at any given interest rate
What will be an ideal response?
Which of these is not a beneficial supply shock?
What will be an ideal response?
In economics, the term physical capital
A) refers to funds used by businesses to acquire goods and services. B) refers to all manufactured resources used for production. C) refers to the process of raising funds through the stock market. D) refers to the stock of merchandise already produced.