If the Government Sets Out to Help Low-Income People by Establishing

question 78

Multiple Choice

If the government sets out to help low-income people by establishing a maximum amount for rent:

• A) a price floor has been set and a shortage of rental units may occur.
• B) a price ceiling has been set and a shortage of rental units may occur.
• C) in the long run more rental units will appear.
• D) poor people will definitely be helped.

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Definitions:

Arabic Numerals

The numeral system of digits used globally (0, 1, 2, 3, etc.), originating from the Arabic-speaking world and now common in most countries.

Roman Numeral

An ancient system of numbers where letters represent values, used historically for counting and denoting sequences.

Divide

The mathematical operation of partitioning a number into equal parts or groups.

Medication

Chemical substances used to diagnose, treat, prevent, or cure diseases and relieve symptoms in humans or animals.