As Part of the Great Society,the Department of Housing and Urban

question 38

Multiple Choice

As part of the Great Society,the Department of Housing and Urban Development undertook programs designed to build better quality and more racially integrated housing for the poor.These programs ____________________.

• A) largely succeeded, because the Civil Rights Act of 1964 made housing discrimination illegal
• B) largely succeeded, through the creation of mixed-income housing
• C) largely failed, because local governments' constraints often limited the federal governments' ability to avoid creating urban ghettoes
• D) largely failed, because federal programs often overlooked the advice of more knowledgeable local governments and city planners
• E) largely failed, but have become a higher priority in recent years.

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Definitions:

Changes in Rent

Variations in the lease price for rental properties due to factors like market demand, location, and quality of the property.

Demand and Supply

The basic economic principle that describes the quantities of goods and services that buyers are willing and able to purchase at various prices and the quantities sellers are willing to sell.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor, such as labor or capital.

Firm's Demand

The total quantity of goods or services that a company anticipates selling at a certain price level within a specific time frame.