Which Statement(s) Is TRUE

question 58

Multiple Choice

Which statement(s) is TRUE?
I. Rent controls prevent apartments from being allocated to people who value them the most.
II. With a system of rent controls, landlords are more likely to make needed repairs to their properties as a way of attracting renters.
III. Although inefficient, rent controls are the best way to help the poor afford housing.

• A) I only
• B) I and III only
• C) I, II, and III
• D) II and III only

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Definitions:

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a company.

Current Assets

Assets on a balance sheet that are expected to be converted into cash, sold, or consumed within a year.

Current Liabilities

Financial obligations a company must pay within a year, such as loans, accounts payable, and other debts.

Working Capital Ratio

A financial metric that measures a company's efficiency and its short-term financial health by comparing current assets to current liabilities.