In Order to Control the Rising Price of Housing, the City

question 146

True/False

In order to control the rising price of housing, the city council enacts rent controls. This mandated price is below the equilibrium price. Consequently, a shortage of housing may result.

---

Definitions:

Mass Production Technologies

Techniques and tools used in the production of large quantities of standardized products, typically utilizing assembly lines and automation to achieve high efficiency and lower costs.

Human Resource Management

The strategic approach to the effective management of people in an organization, focusing on maximizing employee performance.

Factory Jobs

Positions or employment opportunities within manufacturing plants or production facilities, often involving manual labor or operating machinery.

Virtual Workforce

A group of employees who work remotely from various locations, often utilizing digital communication technologies to perform their duties.