Some years ago, Stuyvesant Town and Peter Cooper Village in Manhattan were sold for redevelopment. These villages had been rent controlled, but now that these neighborhoods are no longer rent controlled, one would expect the:
A. houses to be not as well maintained since rent will be so high.
B. rent to rise in those neighborhoods.
C. housing shortage in the neighborhood to worsen.
D. quantity of rentals demanded to rise.
Answer: B
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The difference between U.S. financial regulation between the 1930s-to-1980 period and the 1980-to-2010 period is:
a. The earlier period was characterized by relatively loose government regulations and the later one was characterized by stricter government regulations. b. The earlier period was characterized by heavy use of the originate-to-hold" strategy. c. The earlier period was characterized by recurring, nation-wide speculative housing bubbles. d. The earlier period was characterized by heavy use of securitization. e. All of the above.
Figure 18-3
In which panel of Figure 18-3 would an excise tax be borne entirely by the supplier?
A. 1 B. 2 C. 3 D. 4
Oil and alternative sources of energy such as wind and solar are
A. Complementary goods. B. Income-elastic goods. C. Substitute goods. D. Inferior goods.
Which of the following is likely to overcome the free-rider problem?
A. offer people a private gift for contributing B. arrange for matching contributions C. appeal to people's sense of civic or moral responsibility D. All of these