Asked by Muhammad Saddam on May 27, 2024
Verified
Economists argue that rent control is a highly efficient way to help the poor raise their standard of living.
Standard Of Living
The scale of monetary assets, amenities, worldly possessions, and survival necessities allotted to a distinct class or demographic region.
- Understand the concept and implications of rent control as a form of price ceiling.
Verified Answer
ZK
Zybrea KnightJun 02, 2024
Final Answer :
False
Explanation :
Most economists agree that rent control often leads to decreased supply and quality of rental housing, making it less efficient as a means to help the poor raise their standard of living.
Learning Objectives
- Understand the concept and implications of rent control as a form of price ceiling.