Question

_______ One of the difficulties with rent control is that: a) Politicians do not consider the...

_______ One of the difficulties with rent control is that: a) Politicians do not consider the adverse effects in the marketplace. b) Economists disagree about its results c) It is never enforced. d) It does not lower rents. e) Pressure from landlords resulted in its appeal in many cities.

Homework Answers

Answer #1

Rent control is a policy in which there is maximum limit imposed on the rent above which landlords cannot charge a higher rent. there are secondary or adverse effect of rent control policies such as in the long run the quality may drop, supply of such housing units may decrease etc. Economist do not disagree about the results because most of the results are actual observations. There have been no pressure from landlords because this policy is still applicable in many cities

Option A is correct.

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