Which One of the Following Is Not Likely to Be

question 94

Multiple Choice

Which one of the following is not likely to be an outcome of a rent ceiling?

• A)a black market for rent-controlled housing
• B)long waiting lists of potential renters for rent-controlled housing
• C)a short-run shortage of housing
• D)a black market price below the rent ceiling
• E)increased search activity for rent-controlled housing

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Definitions:

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.

Symptoms

Signs or indications of a disease, disorder, or condition, often experienced by the individual affected.

Solomon Asch

A psychologist known for his research on conformity, including his famous experiment demonstrating how group pressure can influence an individual to conform.

Conformity

Adjusting one's behavior or thinking to coincide with a group standard.