The Long-Run Effects of Rent Control Support One of the Five

question 137

Multiple Choice

The long-run effects of rent control support one of the five foundations of economics,namely,that

• A) people respond to incentives.
• B) society faces a trade-off between homelessness and rent control.
• C) one must give up something in order to get something else.
• D) social planners must think marginally in allocating housing.
• E) exchange makes everyone better off.

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Definitions:

Adrenal Gland

An endocrine gland located above the kidney that produces various hormones, including adrenaline and steroids.

Pituitary Gland

A pea-sized gland at the base of the brain that secretes hormones regulating growth, metabolism, and reproductive processes.

Hypothalamus

A region of the brain responsible for producing hormones that control bodily functions like temperature, hunger, and sleep.

Infundibulum

A funnel-shaped structure; in the human body, it is part of organs such as the brain (connecting the pituitary gland to the hypothalamus) and the female reproductive system (the fallopian tubes).