Rent Control Applies to About Two-Thirds of the Private Rental

question 44

Multiple Choice

Rent control applies to about two-thirds of the private rental housing in New York City. Economic theory suggests that a below-equilibrium price established by rent control:

• A) creates a surplus of rental housing.
• B) promotes a rapid increase in the future supply of housing.
• C) results in poor service and quality deterioration of many rental units.
• D) leads to a reduction in housing discrimination against minorities.

---

Definitions:

Susceptible to Enslavement

Refers to individuals or groups considered vulnerable to being ensnared into slavery due to socio-economic, legal, or military conditions.

European Cartographers

Map-makers from Europe who played a crucial role in the Age of Exploration, documenting new lands and sea routes, and significantly shaping our understanding of the world's geography.

Reforms Implemented

Describes the actions taken to make changes or improvements within a system, organization, or policy to rectify issues or enhance functionality.

Kumbi Saleh

The capital city of the ancient Ghana Empire, serving as a thriving center for trade and learning in West Africa from the 9th to the 11th century.