Which of the following is a consequence of rent controls established to keep housing affordable for the poor?
A. The quality of rental housing improves as landlords seek to attract the best tenants.
B. Less rental housing is available than if the rent controls were not in place.
C. Landlords are incentivized to produce and offer more rental units to maintain profits.
D. All of these are consequences of rent controls.
Answer: B
You might also like to view...
Refer to the scenario above. Which of the followings statements is true of the model?
A) According to the model two additional years of education will increase an individual's future wages 1.20 times. B) The predictions of this model can be verified empirically. C) According to the model two additional years of education will increase an individual's future wages 2.98 times. D) The predictions of this model can only be applied for a limited number of years of additional education.
The United States Mint is the only legal entity to produce circulating coinage for the United States. What are the barriers to entry, if any, that protect this firm from competition?
A) The United States Mint is a natural monopoly. B) The United States Mint has a government license to produce coinage. C) The United States Mint is a public franchise to produce coinage. D) The United States Mint has a patent or copyright to produce coinage.