In the short run, rent control causes the quantity supplied
a. and quantity demanded to fall.
b. to fall and quantity demanded to rise.
c. to rise and quantity demanded to fall.
d. and quantity demanded to rise.
b
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Stock markets for securities are important because
A) they are where corporations raise financial capital. B) they are where proprietorships and partnerships raise financial capital. C) they permit individuals to transfer their savings directly into investment spending. D) they make the stocks and bonds more valuable.
Each of the following would shift a nation's production possibilities frontier outward, but which is least likely to be accompanied by an increase in the standard of living?
a. population growth b. increased investment in private physical capital c. increased investment in human capital d. technological advances e. increased investment in infrastructure