Author Question: When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals the A) ... (Read 56 times)

oliviahorn72

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When a rent ceiling is imposed in a housing market, the opportunity cost of housing equals the
 
  A) rent.
  B) market equilibrium rent that would prevail in the absence of a rent ceiling.
  C) value of the time and resources spent searching plus the rent.
  D) consumer surplus.

Question 2

In the figure above, with international trade U.S. companies buy ________ helicopters per year.
 
  A) 240
  B) 480
  C) 720
  D) 360


matt95

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Answer to Question 1

C

Answer to Question 2

A



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matt95

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