Economists in General Agree That Rent Controls Are

question 72

Multiple Choice

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.

---

Definitions:

Standard Error

A measure of the statistical accuracy of an estimate, commonly the standard deviation of the sampling distribution of a statistic.

Population Parameter

A value that accurately represents a particular characteristic of an entire population.

Sampling Distribution

The probability distribution of a given statistic based on a large number of samples drawn from a specific population.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values from the mean, indicating how spread out the data points are.