A circular-flow model and production possibilities frontier aresimilar in that a. neither allows economic analysis to occur.
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Question:
A circular-flow model and production possibilities frontier aresimilar in that
a. neither allows economic analysis to occur.
b. neither can be represented visually on a graph.
c. both make use of assumptions.
d. both make use of complex equations to arrive atsolutions.
Almost all economists agree that rent control:
a.
adversely affects the availability and quality of housing. | ||
b. | is a very inexpensive way to help the most needy members ofsociety. | |
c. | allows the market for housing to work more efficiently. | |
d. | has no effect on the rental income of landlords. |
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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