Rent controls mean that tenants end up with the best possible housing choices over the long run
a. True
b. False
B
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What are the three categories of correlation? Illustrate with real life examples
What will be an ideal response?
Resource use is allocatively efficient
A) when marginal benefit equals marginal cost. B) whenever marginal benefit exceeds marginal cost. C) whenever marginal cost exceeds marginal benefit. D) when the maximum possible quantity is being produced.
A one-year bond has an interest rate of 3% and is expected to fall to 2.5% next year and 2% in two years. The term premium for a two-year bond is 0.3% and for a three-year bond is 0.5%
What are the interest rates on a two-year bond and three-year bond according to the liquidity premium theory?
Which of these refers to the situation in which one party to an economic transaction takes advantage of knowing more than the other party to the transaction?
A. Moral hazard B. Adverse selection C. Biased selection