Applying neoclassical theory to the housing market, the idea that "housing is a good investment" refers to ________
A) higher expected household income
B) the inability to buy as much housing at a higher price
C) an expected increase in the relative price of housing
D) a decrease in the cost of building new houses
C
Economics
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The optimal level of rights protection is _____
a. zero b. the marginal cost of additional protection equals the market price of the good c. the marginal cost of additional protection equals the marginal benefit of the good d. absolute
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What is a budget line? What does its slope indicate?
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