Rent control
A)serves as an example of how a social problem can be alleviated or even solved by government policies.
B)serves as an example of a price ceiling.
C)is regarded by most economists as an efficient way of helping the poor.
D)is the most efficient way to allocate scarce housing resources.

Question

Quizplus · Accepted Answer

Rent control is an example of a price ceiling, where the government sets a maximum price that can be charged for rental housing, aiming to make housing more affordable. However, most economists argue that rent control can lead to decreased supply and quality of rental housing, making it an inefficient way to help the poor or allocate housing resources.

Rent Control