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Author Question: Which of the following is not a result of imposing a rent ceiling? A) There is a reduction in the ... (Read 30 times)

joesmith1212

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Which of the following is not a result of imposing a rent ceiling?
 
  A) There is a reduction in the quantity of apartments supplied.
  B) The marginal benefit of the last apartment rented is greater than the marginal cost of supplying it.
  C) There is an increase in the quantity of apartments demanded.
  D) Some consumer surplus is converted to producer surplus.

Question 2

Specializing in the production of a good or service in which one has a comparative advantage enables a country to do which of the following?
 
  A) increase the variety of products that it can produce with a decrease in resources
  B) consume a combination of goods that lies outside its own production possibilities frontier
  C) produce a combination of goods that lies outside its own production possibilities frontier
  D) never have to engage in trade with other nations


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HandsomeMarc

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joesmith1212

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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