Asked by
Jaycey Moore
on Nov 30, 2024Verified
Which of the following government programs will create a surplus?
A) Rent control
B) The minimum wage law
C) Usury laws
D) Price controls on oil
Government Programs
Initiatives launched by the government aimed at achieving specific policy outcomes, ranging from social welfare to economic stimulation.
Surplus
An excess of supply over demand, leading to a situation where goods and services exceed their consumption or utilization.
Rent Control
Government policies or laws that limit the amount landlords can charge for renting out a property, intended to make housing more affordable.
- Comprehend the principles of price ceilings and price floors within market economics.
- Ascertain the conditions leading to surpluses and shortages within the market.
Verified Answer
BK
Learning Objectives
- Comprehend the principles of price ceilings and price floors within market economics.
- Ascertain the conditions leading to surpluses and shortages within the market.