Economists Have Argued That Rent Control Is "The Best Way

question 119

Multiple Choice

Economists have argued that rent control is "the best way to destroy a city, other than bombing." Why would economists say this?

• A) They anticipate that low rents will cause low-income people to move into the city, reducing the quality of life for other people.
• B) They anticipate that rent control will benefit landlords at the expense of tenants, increasing inequality in the city.
• C) They anticipate that rent controls will cause a construction boom, which will make the city crowded and more polluted.
• D) They anticipate that rent control will eliminate the incentive to maintain buildings, leading to a deterioration of the city.

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Definitions:

Assimilation

The cognitive process of fitting new information into existing cognitive schemas, perceptions, and understanding.

Accommodation

In cognitive psychology, the process of altering one's existing schemas, or ways of thinking, as a result of new information or experiences.

Equilibration

The process by which individuals balance assimilation and accommodation to create stable understanding in cognitive development.

Symbolic Image

A representation that stands in for something else, conveying meaning through association or resemblance, often used in communication and thought processes.