Which of the following often allows a landlord to raise the rent for a rent-controlled apartment?
a. improvements made to the apartment
b. crime increase in the apartment’s neighborhood
c. the landlord going into debt
d. an occupant moving out
d. an occupant moving out
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Why do economists predict that investment increases when the real rate of interest falls?
What will be an ideal response?
When farmers take part in the soil-bank program, they receive
a. additional allotments of acreage in the future b. income, including government subsidies, for goods produced on that land c. payments for producing nothing on the acres put into the soil bank d. preferential tax treatment e. residential property tax credits
The variety of products and product features that consumers may choose from in monopolistically competitive industries:
A. at least partially offsets the economic inefficiencies of this market structure. B. leads to an optimal allocation of resources in the market structure. C. makes the demand curves facing firms in these industries more elastic. D. guarantees that firms produce at full-capacity output levels.
Recall the Application about the decrease in taxes on cigarettes in several Canadian provinces in 1994 to answer the following question(s). Recall the Application. The change in demand for cigarettes resulting from the decrease in taxes would normally create, ceteris paribus:
A. an increase in their supply. B. a decrease in their supply. C. an increase in their quantity supplied. D. a decrease in their quantity supplied.