How Did Economists Try to Prove That Reductions in Newapartment

question 32

Multiple Choice

How did economists try to prove that reductions in newapartment building in Ontario, Canada, during the 1970-1975period were a result of debates on rent control?
They:

• A)showed that the economy was declining during this period.
• B)pointed to the fact that the OPEC oil crisis occurred at this time.
• C)contrasted the fact that apartment building was declining while new house building was rising, in the same state of
• Economy.
• D)pointed to the fact that rent controls had not been implemented during the OPEC oil crisis.

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Definitions:

Leadership

The act of guiding or directing a group towards achieving a common goal.

Many Substitutes

A market condition where numerous alternative products or services exist for a single offering, increasing competition.

Crisis Situation

A critical or unstable time or state of affairs in which a decisive change is impending, often one with the possibility of a highly undesirable outcome.

Effective Leaders

Individuals who achieve desired results or outcomes by motivating and directing others through various leadership techniques.