Which of the Following Statements Would Most Economists Agree With

question 22

Multiple Choice

Which of the following statements would most economists agree with?

• A)Rent controls hurt everyone.
• B)Rent controls hurt poor people and help the rich.
• C)Rent controls decrease overall societal welfare.
• D)Rent control allow for a more equitable distribution of resources.

---

Definitions:

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, especially a percentage of the money received from a sale.

Sale Probability

Sale probability is the likelihood that a product or service will be purchased within a specified timeframe, influenced by factors such as price, consumer preferences, and market conditions.

Shirk

involves avoiding or neglecting responsibilities and duties, particularly in a work context.

Moral Hazard

A situation where a party is more likely to take risks because the negative consequences of the risk will be borne by another party.