The textbook suggests that rent controls
A) actually contribute to the housing boom in an area where they are applied.
B) actually contribute to the housing shortage in the area where they are applied.
C) are used in a government kickback scheme.
D) have no effect on the local housing market.
Answer: B
You might also like to view...
Which of the following statements, in the context of U.S. exports, is true?
a. The U.S. exports products produced in the low wage industries. b. Primary products account for the largest share of U.S. exports to developed nations. c. The U.S. mainly exports labor intensive goods. d. Most U.S. exports are produced in high-wage industries. e. A bulk of U.S. exports to developing nations comprise of perishable commodities.
In 2012, what percentage of total income in the U.S. was earned by the poorest fifth of all U.S. households?
a. 1.5% b. 1.8% c. 2.0% d. 3.2%
If a county has 25 billion euros of imports, 15 billion euros of exports, and sells 20 billion euros of assets to foreigners, how many foreign assets do domestic residents purchase?
a. 5 billion euros b. 10 billion euros c. 30 billion euros d. None of the above are correct.
Which of the following is true?
A) A budget surplus will increase the national debt. B) A budget deficit will increase the national debt. C) A budget deficit will reduce the national debt. D) A balanced budget will increase the national debt.