The development of black markets

Assignment Help Business Economics
Reference no: EM131005936

Price ceilings have been used to help renters in expensive areas by keeping rents artificially low. Though this helps some renters, there are costs associated with this practice too. Place a check next to all of the items below that describe possible consequences resulting from rent control. Select all that apply.

-The development of Black Markets -The requirement of nonrefundable cleaning deposits. -Reductions in apartment quality. -An increased emphasis on informal connections in allocating apartments. -The requirement of nonrefundable key deposits. -An increased level of subletting.

Reference no: EM131005936

Questions Cloud

What is current policy of the united states on this issue : Based on discussions surrounding the controversy over the value of the Chinese yuan in foreign currency markets, is China still using central bank foreign exchange policy to maintain the value of the yuan? What is the current policy of the United Sta..
Marginal revenue curve that corresponds to the demand curve : Demand for football tickets at a state university is Qd x = 80, 000−12, 000p. The capacity of the stadium at that university is 50,000 seats (In other words, Qs x = 50, 000). Find the marginal revenue curve that corresponds to the demand curve. Find ..
What is the range of this cost function : Suppose a ?rm’s cost function is given by C(Q) = Q^2 + 100 over the interval [0,10]. Sketch this function and then draw a secant line that connects the points 1 and 5. What is the range of this cost function? Is this function concave or convex? How d..
Affect the consumer price index : In October 2011, Apple introduced the iPhone 4S, which had new features, including camera and voice control, but sold at the same price as the previous iPhone model. How did the introduction of the iPhone 4S affect the Consumer Price Index? What fact..
The development of black markets : The development of Black Markets -The requirement of nonrefundable cleaning deposits. -Reductions in apartment quality. -An increased emphasis on informal connections in allocating apartments. -The requirement of nonrefundable key deposits. -An incre..
Elastic portion of the linear demand facing the firm : Which of the following statements is correct? a. The firm’s profit maximizing level of output will be found only in the elastic portion of the linear demand facing the firm. b. The firm’s profit maximizing level of output will be found only in the in..
Calculate quantity-price where total revenue is maximized : The general linear demand for good X is estimated to be Q = 125,000 – 400P – 0.76M + 360PR Where P is the price of good X, M is the average income of consumers who buy good X and PR is the price of related good R. Write the direct demand function in ..
How would you rank the three applicants : You are interviewing three people for one sales job. On the basis of your experience, you believe Jane can sell 600 units a day, Tom can sell 450 units a day and Kevin can sell 400 units a day. The daily salary each person is requesting is as follows..
Response be different in the short versus long run : The new requirements that (most) firms provide health insurance to workers can be thought of as increasing the costs of labor. What kinds of industries will be more likely to respond with large decreases in employment in response to these rules? How ..

Reviews

Write a Review

Business Economics Questions & Answers

  Write down a paper analyzing different approaches

Write down a paper analyzing different approaches that might be used by Keynesian theorists and monetary theorists to promote long-run macroeconomic stability.

  Under a situation of majority voting

How can a small special-interest group win, since the benefits flow only to a small group, under a situation of majority voting?

  Government mandates that new cars

Despite this finding, the government mandates that new cars have air bags, rather than taxing their use. Is this policy a contradiction.

  A pattern of change in a particular market model

Select also research an industry where there has been a pattern of change in a particular market model

  The mandatory analysis comparing the percent of minorities

The mandatory analysis comparing the percent of minorities and women in the community in each job category with the percent employed by a government contractor is known as:

  Monopolistically competitive and prefectly competitive firms

In the long run, both monopolistically competitive and prefectly competitive firms attain

  Demand schedule for belgium cocoa

Illustrate what is the demand schedule for Belgium cocoa beans now which U.S. consumers can also buy them.

  What is marginal benefits and marginal costs

After paying the movie distributors and meeting all other noninterest expenses, the owner expects to net $2 per ticket sold. Construction costs are $1,000,000 per screen. What is marginal benefits and marginal costs.

  Own-price elasticity of demand

Given that the own-price elasticity of demand for shirts is -0.5, if the price of shirts decreases by 10%, what will happen to the quantity demanded of shirts?

  The volatility of the present floating exchange rate

The volatility of the present floating exchange rate regime presents a conundrum for international business. Exchange rate movements are difficult to predict and yet their movements can have a major impact on the competitive position of business. Wha..

  Payroll tax-employers pay to finance unemployment insurance

Your friend, Sarah Occupy, is complaining, “The one percent is at it again! They want to cut the payroll tax that employers pay to finance unemployment insurance. This will help employers but do nothing to help the workers.” Is Sarah right or wrong? ..

  Base pay to attract the desired number of recruits

The base pay for army recruits is $16,000 per year. The army has been recruiting 100,000 new soldiers each year. But this is found to be inadequate given the need for troops in abroad. what would have to be the increase in base pay to attract the des..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd