Economists in General Agree That Rent Controls Are

question 72

Multiple Choice

Economists in general agree that rent controls are:

• A)an efficient and equitable way to help low-income families.
• B)an inefficient but sometimes effective way to help low-income families.
• C)an efficient method of dealing with the shortages caused by price ceilings.
• D)the only way to solve the problem of poverty.

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Definitions:

Noncompetitive

Refers to a situation or environment where there is little to no competition between businesses or individuals.

Exclusive Territory

A business agreement in which a franchisor grants a franchisee the sole right to sell or distribute products or services in a specified geographic area.

Cash and Carry

A type of trade where goods are paid for in full at the time of purchase and taken away by the buyer immediately.

Wholesalers

Businesses that sell goods in large quantities to retailers, other merchants, or industrial, commercial, and institutional users.