The Value of a Price-Distorting Subsidy for a Three-Bedroom Apartment

question 9

Multiple Choice

The value of a price-distorting subsidy for a three-bedroom apartment is $100 per month. This means that the person choosing to live in an apartment of that size would have to pay an extra $100 per month at the market rent. Then it follows that:

• A) that person would be worse off if she received a cash subsidy of $100 per month.
• B) that person would be better off if she received a cash subsidy of $100 per month.
• C) that person would be just as well off if she received a cash subsidy of less than $100 per month.
• D) both b and c

Understand the role and effects of positive and negative emotions in negotiations.

Recognize different cognitive biases and their impact on negotiations.

Appreciate the complexity of negotiation and the need for flexibility and adaptation.

Understand the various types of groups within human services settings and their primary functions.