Reference no: EM133067577

Question 1.1 

Which of the following is not a condition required for an equilibrium in neighborhood choice:

1. every household in a particular neighborhood pays equal rent.
2. no incentive for any resident to relocate to the other neighborhood.
3. Neighborhood contains a mix of blue and green neighbors. 
4. all residents are accommodated.

Answer: [a / b / c / d]

Question 1.9

Following our model on urban labor market, indicate the relationship for each pair of variables: [positive / negative / no effect / ambiguous]