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Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated price.
When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that apply.
The future supply of rental housing units increases.
Efficient use of housing space results.
Non price methods of rationing emerge.
The quantity of available rental housing units falls.
q.if a firm faces a shortage of workers with very specific skills it may decide to undertake the necessary training
Growth rates in follower nations such as South Korea also Hong Kong averaged about 10 percent every year.
Assume that you have been appointed as the Speaker of the House. You must deliver a speech about the current state of the U.S. macroeconomy to a number of amateur reporters who are unfamiliar with economics.
Does a persistent balance of payment deficits result in a pressure to devaluate the currency.
Can you think of any reasons why? How would you describe the market structure of the world coffee market: is it competitive or not? Present your arguments.
Explain the concept of comparative advantage and the principle theories of why trade occurs and analyze and discuss the sources of comparative advantage in national economies.
q1. lets think about two countries frugal and smart. in frugal people devote 50 percent of gdp to making new investment
Elucidate what could be done to encourage people to spend more so as to increase aggregate demand and, invariably, create employment possibilities.
Suppose Apple has a monopoly on iPhones and Verizon has a monopoly on data plans. An iPhone without a data plan is worthless, and a data plan without an iPhone is worthless. Thus there is no such thing as a demand for iPhones or a demand for data pla..
q.your bike is worth 200 and if you park it outside on campus there is a 10 chance that it will be stolen.a. what is
Cost of a part increases by 3$ every 6 months. If the cost for the first semiannual period is expected to be $85, what is the present worth of the cost for a 4-year time period at an interestrate of 1% per month?
The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.
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