The demand for real estate derives from the need that market participants (e.g., owner occupants, tenants, renters) have for shelter and convenient access to other locations. This competition for physical location and space occurs in the:
A. User Market
B. Capital Market
C. Government Sector
D. Property Market
Answer: A. User Market
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One reason the Federal Reserve Board in Washington did not act as a lender of last resort during the early years of the Great Depression, was its power struggle with ____
a. U.S. Treasury b. foreign central banks c. Federal Reserve Bank of New York d. President Roosevelt
If the price of the good increases,
a. MPP will increase b. MLC will increase c. MRP will increase d. MPP will decrease e. TLC will increase
Imagine that the government increases its spending by $75 billion. Which of the following by itself would tend to make the change in aggregate demand different from $75 billion?
a. both the multiplier effect and the crowding-out effect b. the multiplier effect, but not the crowding-out effect c. the crowding-out effect, but not the multiplier effect d. neither the crowding out effect nor the multiplier effect
Assume that U.S. producers can manufacture cookies at a lower opportunity cost than Mexican producers. If this is the case
A. Mexico would have the comparative advantage in all products compared to the United States. B. Mexico could still have the comparative advantage in cookie production. C. it would still be possible for Mexico to have a comparative advantage in trade for some other products. D. it will not be possible for Mexico to have an comparative advantage in the production of any other products.