If a rent control policy is enacted to protect apartment renters, this is likely to lead to

A. an increase in the supply of apartments.
B. rise in the number of households looking for rental units.
C. increased investment in rental properties.
D. the conversion of office buildings to rental apartments.

Answer: B

Economics

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When U.S. residents buy products that were made in Japan, then ultimately the Japanese want

A) yen. B) dollars. C) Japanese goods. D) goods, including U.S.-made goods.

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The number of standard deviations z that a particular value of r is from the mean ? can be computed as z = (r - ?)/ ?. Suppose that you work as a commission-only insurance agent earning $1,000 per week on average. Suppose that your standard deviation of weekly earnings is $500 . What is the probability that you earn zero in a week? Use the following brief z-table to help with this problem. Z

value Probability -3 .0013 -2 .0228 -1 .1587 0 .5000 a. 1.3% chance of earning nothing in a week b. 2.28% chance of earning nothing in a week c. 15.87% chance of earning nothing in a week d. 50% chance of earning nothing in a week e. none of the above

Economics