Author Question: A rent control law, where tenants pay below-market rents, is a market restriction that may induce a ... (Read 63 times)

imowrer · **on:** Jun 30, 2018

A rent control law, where tenants pay below-market rents, is a market restriction that may induce a decrease in the supply of rented apartments.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The bowed production possibilities curve represents:
a. constant opportunity costs.
b. decreasing opportunity costs.
c. increasing opportunity costs.
d. none of the above