Asked by
Ashley Farcas
on Nov 11, 2024Verified
One of the difficulties with an economic policy such as rent control is that:
A) policy makers do not consider its secondary effects.
B) economists disagree about the impacts of the policy.
C) it is difficult to enforce antidiscrimination laws in the rental market.
D) it makes landlords wealthy at the expense of renters.
E) the pressure from landlords has resulted in its repeal in many cities.
Secondary Effects
Unintended consequences of economic actions that may develop slowly over time as people react to events.
Rent Control
Government regulations that limit the amount landlords can charge for renting out a property and may also restrict the reasons for evicting tenants.
- Understand the role of secondary effects and unintended consequences in economic policies.
Verified Answer
AR
Learning Objectives
- Understand the role of secondary effects and unintended consequences in economic policies.
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