True or false questions study guide

1. In unfettered housing markets, rents work to allocate existing housing among competing claimants and promotes good maintenance practices and housing expansion where warranted at the same time tolerating vacancy rates that are above those for rent controlled cities. True False 2. To avoid detection and prosecution, suppliers of illegal goods have an incentive to deal in the more valuable versions of the product, which for drugs and booze mean the more potent versions. True False 3. FDA drug regulators have a strong incentive to avoid Type I errors and less of an incentive to deal with Type II errors when testing drugs. True False 4. It is difficult to understand how the increased labor force participation rate by women has led to greater obesity since the world's best cooks are male. True False