What's a direct long-run effect of imposing rent controls on apartments?
A) A rise in demand for rent controlled apartments
B) A fall in demand for rent controlled apartments
C) A fall in the supply of rent controlled apartments
D) A rise in the supply of rent controlled apartments
C
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The costs of many environmental regulations can be calculated in dollars but the benefits often are in terms of lives saved (mortality) or decreases in the incidence of a particular disease (morbidity)
What does this imply about the cost-benefit analysis of environmental regulations? There is an old saying "You can't put a price on a human life." Do you agree or disagree? Explain.
A decrease in currency in circulation combined with an equal increase in savings account deposits would: a. increase both M1 and M2
b. increase M1 but have no effect on M2. c. decrease both M1 and M2. d. decrease M1 but have no effect on M2.
The natural rate of unemployment in the United States
a. has consistently equaled 6 percent b. has increased as the federal budget deficit has fallen c. is similar to the natural rate in European countries d. has increased in recent years e. is now unusually high because so many women have entered the labor force
Upon buying a car with airbags, Indy begins to drive recklessly. This is an example of the:
A. principal-agent problem. B. adverse selection problem. C. moral hazard problem. D. free-rider problem.