One Economist Has Argued That Rent Control Is "The Best

question 119

Multiple Choice

One economist has argued that rent control is "the best way to destroy a city,other than bombing." Why would an economist say this?

• A)He fears that low rents will cause low-income people to move into the city,reducing the quality of life for other people.
• B)He fears that rent control will benefit landlords at the expense of tenants,increasing inequality in the city.
• C)He fears that rent controls will cause a construction boom,which will make the city crowded and more polluted.
• D)He fears that rent control will eliminate the incentive to maintain buildings,leading to a deterioration of the city.

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Definitions:

Global Amnesia

A rare condition involving a sudden and severe loss of memory, usually temporary, affecting the ability to recall recent and remote events.

Anterograde Amnesia

A loss of the ability to create new memories after the event that caused the amnesia, leading to a partial or complete inability to recall the recent past, while long-term memories from before the event remain intact.

Procedural Memories

A type of long-term memory that involves the skills and actions we have learned and can perform without consciously thinking about them.

Long-Term Memories

Memories that can be retained for extended periods of time, ranging from several days to decades, including experiences, knowledge, and skills.