Of the Following Groups, Who Gains from Rent Controls

question 164

Multiple Choice

Of the following groups, who gains from rent controls?

• A) Landlords
• B) Construction workers and their union leaders
• C) Poor people who have a hard time earning enough income to pay high rents
• D) High-income people who live in rent-controlled apartments

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Definitions:

World Price

The international market price at which goods can be bought or sold, often used in the context of trade policies and competition.

Tariff Revenue

is the income generated by a government from the imposition of tariffs, which are taxes on imported goods.

Tariff

A tax imposed by a government on goods and services imported from other countries to protect domestic industries or to generate revenue.

United States

A country located in North America known for its diverse culture and significant influence in world politics, economy, and culture.