Rent Control

question 98

Multiple Choice

Rent control

• A)serves as an example of how a social problem can be alleviated or even solved by government policies.
• B)serves as an example of a price floor.
• C)is regarded by most economists as an inefficient way of helping the poor.
• D)is the most efficient way to allocate scarce housing resources.

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand for minor, impromptu expenses.

Journal Entry

A record in accounting that represents a transaction and its effects on accounts, usually including a debit and credit.

Office Supplies

Items used in offices on a regular basis for the purpose of functionality and efficiency, such as pens, paper, and staplers.

Advertising

The action of calling public attention to products, services, or events, typically through paid announcements.