Which of the Following Is a Consequence of Rent Controls

question 306

Multiple Choice

Which of the following is a consequence of rent controls established to keep housing affordable for the poor?

• A) Less rental housing is available, as prospective landlords find it unprofitable to rent at restricted prices.
• B) The quality of rental housing declines as landlords lack the funds and incentive to maintain properties.
• C) Apartment buildings are torn down in favor of office buildings, shopping malls, and other buildings where rents are not controlled.
• D) All of these are consequences of rent controls.

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Definitions:

Poisson Probabilities

The probability distribution that measures the probability of a given number of events happening in a fixed interval of time or space, assuming these events occur with a known constant mean rate and independently of the time since the last event.

Classified Department

A division within an organization or publication that deals with categorized or sorted information, often in the context of classified ads or internal classification.

Telephone Calls

A form of verbal communication or data transmission over a distance through the use of a network specifically designed for this purpose.

Randomly

In a manner lacking any predictable pattern or plan, used in statistical sampling to ensure that every individual or element has an equal chance of selection.