If a city suddenly and unexpectedly abolishes all property taxes on residential property, which consequence is most likely to be observed first?

A) Higher rents for residential space
B) Higher sale prices for residential property
C) Lower rents for residential space
D) Lower sale prices for residential property
E) More conversion of apartments to condominiums

B

Economics

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If the Fed is concerned about inflation, its actions ________ long-term interest rates so that investment ________ and net exports ________

A) lower; increases; decrease B) raise; decreases; decrease C) lower; increases; increase D) raise; increases; increase E) lower; decreases; decrease

Economics

In the figure above, what is the total revenue at point A?

A) $20 B) $150 C) $170 D) $3,000 E) 150 quantity units

Economics