One of the Difficulties with an Economic Policy Such as Rent

question 44

Multiple Choice

One of the difficulties with an economic policy such as rent control is that

• A)politicians do not consider its secondary effects
• B)economists disagree about the impacts of the policy
• C)it is difficult to enforce antidiscrimination laws in the rental housing market
• D)it makes landlords wealthy at the expense of renters
• E)pressure from landlords resulted in its repeal in many cities

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Definitions:

Four Utilities

Refers to the satisfaction or value that customers receive from a product, encompassing form, time, place, and possession utilities.

Marketing Creates

The process through which marketing efforts lead to the creation of value, demand, and brand identity.

Possession

The state or fact of owning, controlling, or having an object, property, or asset.

Form Utility

The value added by the process of transforming raw materials into a finished product that is more useful to consumers.