Asked by
Viviana lopez magdaleno
on Oct 26, 2024
Verified
Economists in general agree that rent controls are:
A) an efficient and equitable way to help low-income families.
B) an inefficient but sometimes effective way to help low-income families.
C) an efficient method of dealing with the shortages caused by price ceilings.
D) the only way to solve the problem of poverty.
Rent Controls
Government-imposed laws that limit the rent landlords can charge tenants, aiming to keep housing affordable.
Equitable Way
Equitable way refers to a manner or approach that is fair, impartial, and just, ensuring equal treatment and opportunities for all involved parties.
- Investigate the rationale for the establishment of price controls and their repercussions on political and economic environments.
Verified Answer
DM
Learning Objectives
- Investigate the rationale for the establishment of price controls and their repercussions on political and economic environments.