From an Efficiency Standpoint, Rent Controls

question 56

Multiple Choice

From an efficiency standpoint, rent controls:

• A) increase efficiency by allowing those households who could not afford high rents before to be able to purchase housing.
• B) increase efficiency by increasing consumer surplus.
• C) decrease efficiency because both buyers and sellers would be better off if the price of rents were allowed to rise.
• D) decrease efficiency because they make it illegal to trade.

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Definitions:

Attached Columns

Architectural elements where columns are attached to a wall, partially embedded and purely decorative, not supporting any actual weight.

Pilasters

Architectural elements that resemble flat, rectangular columns or supports, projecting only slightly from a wall and serving mainly decorative purposes.

Pilgrimage Church

A church that became a destination for pilgrimages due to its relics, sacred objects, or association with a saint or religious event.

Sainte-Foy

A Romanesque church in Conques, France, known for its rich architectural detail and as a key stop on the pilgrimage route to Santiago de Compostela.