Instituting a rent control program will most likely lead to
A) a shortage of rental units.
B) overly elaborate and expensive construction.
C) an efficient allocation of existing units among consumers.
D) an excess quantity supplied of rental units.
A
You might also like to view...
Based on the above table, the reserve ratio for the banking system is
A) 1 percent. B) 15 percent. C) 20 percent. D) 10 percent.
An oligopolistic market
a. has a small number of rival firms, and each is large relative to the size of the market. b. is characterized by firms that merely take the price that is determined by the forces of supply and demand in the market. c. has low entry barriers facing firms that may be interested in entering the market. d. has a large number of firms that are small relative to the size of the market.
The opportunity cost of an activity includes the value of:
A. the chosen activity minus the value of the next-best alternative. B. all of the alternatives that must be forgone. C. the least-best alternative that must be foregone. D. the next-best alternative that must be foregone.
Which of the following would be the best supply-side policy to increase AS?
A. Increase the supply of money. B. Increase capital gains taxes. C. Reduce marginal tax rates. D. Increase the number of safety compliance reports.