Which of the following is NOT a function of rental prices?
A) to stimulate the construction of new housing
B) to ration the existing housing stock
C) to provide housing to individuals below market value
D) to allocate existing scarce housing among different people
C
You might also like to view...
How are interest payments on mortgages distributed to investors who own mortgage-backed securities?
What will be an ideal response?
In any economic system, scarce resources have to be allocated among competing uses. Market economies harness the forces of
a. government to allocate scarce resources. b. supply and demand to allocate scarce resources. c. credit cards to allocate scarce resources. d. nature to allocate scarce resources.
Hyperinflation is generally defined as inflation that exceeds 50 percent per month
a. True b. False Indicate whether the statement is true or false
Price controls would ordinarily be used to increase rather than decrease prices of depletable resources.
Answer the following statement true (T) or false (F)