A circular-flow model and production possibilities frontier are similar in that

ID: 1214190 • Letter: A

Question

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 at solutions.

Almost all economists agree that rent control:

adversely affects the availability and quality of housing.

is a very inexpensive way to help the most needy members of society.

allows the market for housing to work more efficiently.

has no effect on the rental income of landlords.

adversely affects the availability and quality of housing.

is a very inexpensive way to help the most needy members of society.

allows the market for housing to work more efficiently.

has no effect on the rental income of landlords.

c. both make use of assumptions.

yes both the models are heavily reliant on the assumption.

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