Some Economists Compare the Destructiveness of Rent Control to That

question 279

Multiple Choice

Some economists compare the destructiveness of rent control to that of aerial bombardment because it causes:

• A) landlords to neglect their buildings, allowing them to deteriorate over time.
• B) high search costs in apartment hunting.
• C) there to be unexploited gains from trade.
• D) apartments to go to renters who do not have the highest-valued use of the apartments.

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Definitions:

Beneficiary

A legal term referring to an individual or entity entitled to receive benefits or assets under the terms and provisions of a will, trust, insurance policy, or other contract.

Ownership Interest

A person's or entity's legal rights and claims to an asset, reflecting the degree of ownership and entitlement to the benefits that come with the asset.

Property Insurance Policy

A policy that provides financial reimbursement to the owner or renter of a structure and its contents in case of damage or theft.

Covered Peril

Refers to a specific risk or cause of loss protected against in an insurance policy.