Rent Control

question 132

Multiple Choice

Rent control

• A)is an example of a price ceiling.
• B)leads to a larger shortage of apartments in the long run than in the short run.
• C)leads to lower rents and,in the long run,to lower-quality housing.
• D)All of the above are correct.

---

Definitions:

Mental Age

Mental age is a concept used to describe the level of intellectual development as compared to the average intellectual capacity of individuals at a particular age, often used in IQ testing.

Chronological Age

The exact age of a person or thing, measured in years from the date of birth or inception to the current date.

IQ

A measure of a person's intellectual abilities as compared to the average population, typically assessed through standardized tests.

Government Employees

Individuals who work in various capacities for local, state, or national government organizations, often subject to specific employment criteria and benefits.