Homelessness can be caused by destroying cheap, low-quality housing through _____
a. building codes
b. zoning
c. urban renewal programs
d. all of the above
d
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Tax cuts on business income ________ aggregate demand
A) would increase B) would not change C) may increase or decrease D) would decrease
Higher rates of substitution are indicated by _______ values of the marginal rate of substitution.
A. small negative B. large negative C. small positive D. large positive
Import-competing industries in the United States are likely to resist
A. Depreciation of the dollar. B. Devaluation of the dollar. C. Evaluation of the dollar. D. Appreciation of the dollar.
Which of the following goods is likely to have an income elasticity of demand that is less than zero?
a. A luxury yacht b. A beach house c. A state-of-the-art cellular phone d. A box of generic macaroni and cheese dinner e. A dinner at a French restaurant