Rent controls often have adverse effects, including
A) too much housing in a community.
B) deterioration in the quality of existing rental units.
C) too much construction of new rental units in the community.
D) income transfers from the poor to landlords.
Answer: B
Economics
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Refer to Figure 14.3. Suppose the economy is initially at long-run equilibrium and the economy experiences a demand shock such as a stock market crash. This is best represented by an initial movement from
A) point C to point A. B) point C to point B. C) point C to point D. D) point D to point A.
Economics
Is it possible that trade could prevent the development of new and more efficient industries?
What will be an ideal response?
Economics