The Rationale for Rent Control Is That It Protects Moderate-

question 236

Multiple Choice

The rationale for rent control is that it protects moderate- to low-income families from the burden of rapidly rising rents and from eviction if they are unable to pay.It also prevents landlords from reaping windfalls as property values rise.Opponents note that rent controls usually lead to a reduced supply of rental housing and shortages.The proponents of rent controls support them primarily on the grounds of

• A)efficiency.
• B)equality.
• C)externalities.
• D)cost disease of services.

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Definitions:

Overtime

The time worked by an employee or workers beyond the standard hours of work, usually compensated at a higher rate.

Idle Time

Time periods when resources such as personnel or machines are not actively engaged in production, often leading to inefficiency and increased costs.

Direct Labour Expense

The total cost of all the labour directly involved in the production of goods or services.

Manufacturing Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor costs.