Under rent controls
A) there is a shortage of rental units.
B) the quantity supplied of rental units is greater than it would be under freely competitive markets.
C) there is less government involvement in rental markets overall because there is a better supply of low-income housing.
D) all renters are better off than under freely competitive markets.
Answer: A
You might also like to view...
The costs of inflation depend upon
A) whether it is anticipated or unanticipated. B) who pays it and who receives it. C) the future savings rate. D) none of the above.
If the real GDP of a country in 2011 was 300 billion, its price index was 108.3, and its population was 150 billion, then real GDP per capita for that year was: a. 0.5 billion
b. 1 billion. c. 8.3 billion. d. 258.3 billion. e. 2 billion.
Government intervention to reduce the level of pollution is prompted by the existence of
A. Negative externalities. B. Government failure. C. A monopoly. D. An inequitable distribution of income.
The present value of a stream of future revenues varies ________ with the future revenues and ________ with the interest rate
A) inversely; inversely B) directly; directly C) inversely; directly D) directly; inversely