Which of the following is a common result of rent controls?
a. Tenants often move from one rent-controlled apartment to another.
b. The upgrades for rent-control apartments increase.
c. New housing incentives are reduced.
d. Landlords increase their profits.
c. New housing incentives are reduced.
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Which of the following is NOT a function of the federal government?
A) providing public goods and services B) imposing a personal income tax C) making transfers to state and local governments D) making social security and welfare payments E) collecting property taxes
The quantity of labor supplied by a particular wage earner will always increase as long as the wage rate increases
a. True b. False Indicate whether the statement is true or false
The narrowest definition of money is:
A. hard money. B. M1. C. M2. D. L.
Consider two points on the PPF: point A, at which there are 50 apples and 40 pears, and point B, at which there are 46 apples and 41 pears. If the economy is currently at point A, the opportunity cost of moving to point B is
What will be an ideal response?