When people make a decision to not participate in a program unless they actively enroll for it, program participation is:
A. likely to be higher than if people were automatically enrolled and had to actively opt-out of participating.
B. likely to be lower than if people were automatically enrolled and had to actively opt-out of participating.
C. likely to be the same as if people were automatically enrolled and had to actively opt-out of participating.
D. exclusive, which always makes it more attractive to people.
B. likely to be lower than if people were automatically enrolled and had to actively opt-out of participating.
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Rent control applies to about two-thirds of the private rental housing in New York City. Economic theory suggests that a below-equilibrium price established by rent control:
a. creates a surplus of rental housing. b. promotes a rapid increase in the future supply of housing. c. results in poor service and quality deterioration of many rental units. d. leads to a reduction in housing discrimination against minorities.
Why don't we divide the economic pie evenly so that each person receives the same income?