Asked by
Jabes37 Gonzalez
on Oct 13, 2024
Verified
Which statement is true?
A) Most economists support rent control laws.
B) Usury laws and rent control are price ceilings.
C) Usury laws have never had any effect because they are set well above interest rates.
D) None of these choices are true.
Usury Laws
Legislation that sets the maximum legal interest rate that can be charged on loans to prevent exploitative lending practices.
Rent Control
Government-enforced laws that limit the rent landlords can charge for apartments, aiming to keep housing affordable for renters.
Price Ceilings
A legal maximum price that can be charged for a good or service, intended to protect consumers from prices that are deemed excessively high.
- Scrutinize the motivations and results of public policies including controls on rent, laws establishing minimum wages, and regulations on maximum interest rates.
Verified Answer
CS
Learning Objectives
- Scrutinize the motivations and results of public policies including controls on rent, laws establishing minimum wages, and regulations on maximum interest rates.