Economists generally recognize that rent controls cause shortages in housing, yet rent controls tend to persist. Why does this occur?
a. Many people do not understand the effects that controls cause.
b. Property owners are politically unpopular.
c. Many persons tend to benefit from rent controls.
d. All of the above are correct.
d
Economics
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When a company's stock is owned by thousands of individuals,
a. management will be very independent. b. management will be lacking. c. individuals will band together to socialize the firm. d. management will be prevented by government from taking any risks.
Economics
If more teenagers stay in school longer rather than dropping out and entering the labor force,
A. The number of discouraged workers increases. B. The unemployment rate goes up. C. The production possibilities curve shifts outward. D. The production possibilities curve shifts inward.
Economics