Which of the following would likely result as a consequence of rent controls?
A) a reduction in the rate of construction of rental housing units
B) unimproved buildings and apartment complexes
C) limits on tenant mobility
D) All of the above are correct.
D
Economics
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The short run is the time frame
A) during which the quantities of all resources are fixed. B) that is less than a year. C) during which the quantities of some resources are fixed. D) during which the quantities of all resources are variable. E) during which all costs are implicit costs.
Economics
Which of the following is NOT a reason for the government to regulate a nonmonopolistic industry?
A) to allow firms to achieve the profit maximizing output B) asymmetric information C) to protect consumer interests D) market failures
Economics