Multiple Choice
The long-run effects of rent control support one of the five foundations of economics,namely,that
A) people respond to incentives.
B) society faces a trade-off between homelessness and rent control.
C) one must give up something in order to get something else.
D) social planners must think marginally in allocating housing.
E) exchange makes everyone better off.
Correct Answer:
Verified
Correct Answer:
Verified
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