Apartment Rent Control in New York City Is an Example

question 94

Multiple Choice

Apartment rent control in New York City is an example of

• A) government intervention to ensure a market equilibrium is reached.
• B) a subsidy for landlords.
• C) a nonbinding price floor.
• D) a binding price ceiling.
• E) a black market.

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Definitions:

Mass Media

Channels of communication such as television, newspapers, radio, and the internet that reach a large audience, influencing public opinion and disseminating information.

Public Domain

Information, resources, and creative works that are not owned by individuals or corporations and are available for public use without permission.

Television

An electronic device that receives broadcast signals and displays them as moving images with sound, serving as a primary source of entertainment and information.

Peer Group

Is composed of people who are about the same age and of similar status as the individual. The peer group acts as an agent of socialization.