From the apartment landlord's perspective, what might be a substitute use of his rental property?
A) A parking lot
B) An office complex
C) A condominium
D) Any of the above.
E) Definitely none of the above.
D
Economics
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OLI theory is a direct contradiction of trade theory, especially trade theory based on comparative advantage
Indicate whether the statement is true or false
Economics
Suppose that when the price of oranges is $3 per pound, the quantity demanded is 4.7 tons per day and the quantity supplied is 3.9 tons. In this case:
A. excess supply will lead the price of oranges to rise. B. excess supply will lead the price of oranges to fall. C. excess demand will lead the price of oranges to fall. D. excess demand will lead the price of oranges to rise.
Economics