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:

Exclusive Right

A privilege or entitlement granted to an individual or entity to be the sole provider or beneficiary of a specific service, product, or activity.

Real Estate Broker

A licensed individual or firm that acts as an intermediary between sellers and buyers of real estate, assisting in the negotiation and sale process.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, often calculated as a percentage of sales.

Recording Statutes

Laws that govern the recording of documents (such as deeds or mortgages) to provide notice of their content and to establish legal priority.