All of the following are examples of negative effects of imposing rent control except:
A. persons who get a place to live pay lower rent.
B. renters must pay non-refundable security deposits.
C. producer surplus decreases.
D. some people who would have rented apartments before rent control will not rent.
Answer: A
You might also like to view...
The above table shows the marginal benefits and costs from production of fertilizer. There are no external benefits. If the market is perfectly competitive and unregulated, the equilibrium output will be
A) 2,000 tons. B) 3,000 tons. C) 4,000 tons. D) 5,000 tons.
The Laffer curve demonstrates that raising tax rates:
A. increases then decreases tax revenues. B. always increases tax revenues. C. always decreases tax revenues. D. decreases then increases tax revenues.
Which of the following has overseen the global rules of government policy toward international trade since 1995?
A. The World Trade Organization B. The General Agreement on Tariffs and Trade C. The World Bank D. The International Monetary Fund
When marginal cost pricing occurs
A. the firm is at the shutdown point. B. the firm can only break even if it does not set price to marginal cost. C. price equals the additional cost society incurs in producing the next unit of an item. D. price equals average variable cost but exceeds average total cost.