Rent and car payments are examples of:

Which one of the following statements is false if we increase the discount rate used to allocate a resource across two time periods?

a. The resource will tend to be used up quicker b. The price of the resource will tend to rise faster c. Current consumption of the resource will increase d. The appropriate resource depletion tax will increase e. Future supplies of the resource will decrease

A key factor that determines the geographic extent of a housing market is the distance that commuters are willing to travel from home to work

Which of the following events would NOT help to expand the geographic extent of the housing market in a metropolitan area? A) Price of gasoline declines B) State gasoline tax increases C) Public transit fares decrease D) none of the above