Question

Price Ceilings and Price Floors are good for the economy when: O The people really want to have cheap places to live and high paying jobs. O Politicians use these tools to get more votes O The cost of unemployment and apartment shortages is balanced by the benefits to those people who get the high paying jobs and low cost housing. O I get the inexpensive apartment because my friend works for the building and put me on the list for open spots.

Answer 1

Option C is correct. When the cost of unemployment and apartment shortages is balanced by the benefits to those people who get the high paying jobs and low cost housing the price control is good for the economy