Considering two countries X and Y, country X has a comparative advantage in the production of a good when it can produce the good at a lower opportunity cost than country Y
Indicate whether the statement is true or false
T
Economics
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With rent controls set below the equilibrium rent, what mechanism might arise that moves the market closer to the efficient equilibrium?
A) decreased search costs B) black market activity C) increased advertising by landlords D) more favorable leases offered to tenants
Economics
If people expect real estate prices to increase significantly, the ________ curve for bonds will shift to the ________, everything else held constant
A) demand; right B) demand; left C) supply; left D) supply; right
Economics