Which Is the MOST Correct Statement About the Impact of Rent

question 104

Multiple Choice

Which is the MOST correct statement about the impact of rent controls?

• A) The short-run supply curve for apartments is inelastic, so rent controls create larger shortages in the short run than in the long run.
• B) The short-run supply curve for apartments is inelastic, so rent controls create smaller shortages in the short run than in the long run.
• C) The long-run supply curve for apartments is inelastic, so rent controls create larger shortages in the long run than in the short run.
• D) The long-run supply curve for apartments is inelastic, so rent controls create smaller shortages in the long run than in the short run.

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Definitions:

Nature-nurture Controversy

The ongoing debate over the relative contributions of genetics and environment to human behavior and traits.

Sir Francis Galton

A British polymath best known for his work in the fields of statistics, psychology, and eugenics, and for being a pioneer in the study of human intelligence and variation.

Alfred Binet

A French psychologist best known for his role in developing the first intelligence tests along with his colleague Théodore Simon.

Heredity

The passing of genetic traits from parents to offspring, determining certain characteristics of the individual.