Answer:
Question 1 is Differences in perception versus reality
Question 2 is Rent ceilings reduce the quality and quantity of available housing.
Explanation:
Question 1
Perception is a way of regarding, understanding, or interpreting something; a mental impression as result of pre-existing notions. Shen judgement was based on her knowledge of economics of free markets without taking into consideration of exceptions.
Reality on the other hand is the state of things as they actually exist, as opposed to an idealistic or notional idea of them. Shen with her economics knowledge understands that the situation on ground does not conform with what Valerie knows. This is because perception is inherently flexible and speculative while reality disrespects viewpoints and view angles and is inherently rigid and factual.
Question 2
Rent ceilings stimulate demand and this cause shortages. Where the ceiling is set, there is more demand than at the equilibrium price.
This leads to shortage of supply of rent housing. This is because investors and landlords will stop building new houses or apartments to satisfy existing or increasing quantity demand. This shortage of supply somehow will lead to search activity and invariably affect the quality and quantity of available housing.
Based on the various amounts that the bread was sold for to different people, the GDP in the country is <u>$140</u>
The GDP in a country refers to the final value of goods and services produced in the country and not the intermediate value.
This is done to avoid the phenomenon known as double counting which can inflate GDP.
The GDP here is therefore the final price of the bread which is $140.
Find out more about double counting at brainly.com/question/1112587.
In its most general sense, a fair use is any copying of copyrighted material done for a limited and “transformative” purpose, such as to comment upon, criticize, or parody a copyrighted work. ... In other words, fair use is a defense against a claim of copyright infringement.
NOrmal because it just is, Idk what to put this is a weird question