Which of the following is NOT a characteristic of rent controls?
A. Greater availability of apartments
B. Lower expenditures on maintenance
C. Fewer newly built apartment buildings
D. Excess demand for apartments
Answer: A
Economics
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What will be an ideal response?
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In the long run, a reduction in productivity will cause
A) an increase in the capital—labor ratio and an increase in consumption per worker. B) an increase in the capital—labor ratio and a decrease in consumption per worker. C) a decrease in the capital—labor ratio and a decrease in consumption per worker. D) a decrease in the capital—labor ratio and an increase in consumption per worker.
Economics