How did the global supply of savings impact the formation of the housing bubble?
What will be an ideal response?
Interest rates were lower and demand for housing higher than it would have been otherwise.
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When a rent ceiling law is passed in a city, which of the following occurs?
A) The total price of renting an apartment decreases to all renters. B) The quantity of apartments supplied does not change. C) Some landlords and renters use methods such as "key money" to get around the rent ceiling law. D) Renters have no trouble finding a nice, reasonably priced apartment to rent. E) Generally the number of renters in the city increases because people move to the city to take advantage of the low-rent apartments.
"Crowding in" refers to federal government deficits:
a. which reduce future rates of economic growth. b. used for public infrastructure will offset any decline in business investment. c. All of the answers are correct. d. which reduce private business and consumption spending.
The economic way of thinking indicates that personal benefits and costs influence the actions of
What will be an ideal response?
Recall the Application about the benefits generated when one country gathers information on global weather to answer the following question(s).Recall the Application. Weather monitoring is:
A. a public good. B. a private good. C. impossible because it requires international cooperation. D. efficiently provided by private markets because it is profitable.