Which of the following is a likely consequence of a price ceiling that fixes the price of rental housing below the market equilibrium?
a. It will be difficult to find housing for rent.
b. More new apartments will be built.
c. Some rental apartments will be converted into offices or sold for other uses rather than be rented.
d. All of the above are true.
e. Both a and c are correct.
e. Both a and c are correct.
Economics
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A free rider
A) benefits from a positive externality without paying for it. B) has a horizontal demand curve. C) places no value on the good provided. D) All of the above.
Economics
Full employment is the rate of employment that results when:
a. all the labor resources of the economy are employed full time. b. cyclical unemployment has reached its maximum. c. everybody who wants a job can find one. d. only frictional and structural unemployment are present.
Economics