You Have Noticed That There Is an Increase in the Number

question 56

Multiple Choice

You have noticed that there is an increase in the number of homeless people in your city. At the same time you observe that there are also a number of vacant apartments. You believe that the government could reduce the number of homeless people if landlords were required to rent their apartments for less than they are currently charging. This policy recommendation would be motivated by concerns over

• A) efficiency.
• B) equity.
• C) economic growth.
• D) stability.

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Definitions:

Underemployed

A term describing individuals who are working in a capacity that is below their skills level, working part-time when they desire full-time employment, or are overqualified for their current position.

Unemployed

The state of being without a paid job despite actively looking for work.

1950s

A decade marked by post-World War II recovery, economic growth, and significant social and cultural changes, including the beginning of the Civil Rights Movement in the United States.

Economics Definition

The study of how societies use scarce resources to produce valuable commodities and distribute them among different people.