Which of the Following Would Be True in a City

question 98

Multiple Choice

Which of the following would be true in a city with rent-controlled apartments?

• A) Homelessness is reduced.
• B) Landlords face a greater incentive to provide housing.
• C) Apartments are of higher quality.
• D) Rents for those fortunate enough to find an apartment are lower than rents in nearby cities that lack rent controls.
• E) It is more difficult for the landlord to find a tenant willing to rent the apartment.

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Definitions:

Joint Operation

A business activity in which two or more parties share control and management.

Current Liabilities

These are obligations or debts that are due within one fiscal year or the operating cycle, whichever is longer.

Long-Term Debt

Debt obligations that are due to be paid over a period of time longer than one year.

Common Shares

Shares of stock in a company that entitle the holder to dividends and voting rights in shareholder meetings.