Rent Control

question 62

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 ceiling.
• C)is regarded by most economists as an efficient way of helping the poor.
• D)is the most efficient way to allocate scarce housing resources.

---

Definitions:

Water Pollution

Contamination of water bodies such as rivers, lakes, oceans, and groundwater due to harmful substances, leading to detrimental effects on aquatic life and human health.

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Public Good

A good that is non-excludable and non-rivalrous, meaning that one person's consumption does not reduce its availability to others and people cannot be prevented from using it.

Communist Governments

Government systems where the state owns and controls all major aspects of the economy, aiming for classless society and elimination of private property.