Mal kels alu Government: End of Chapter Problem 11. In cities around the country, the government provides assistance to families with low incomes to rent apartments at prices capped by the U.S. Department of Housing and Urban Development (HUD), essentially setting a price ceiling on apartments. The designated apartments tend to rent quickly, and tenants are less likely to move once they find an apartment. Assume the price ceiling is set below market equilibrium and no government subsidies are'offered to landlords. What are the most likely outcomes in terms of availability of rent-controlled apartments and ongoing maintenance of rent-controlled apartments? The price ceiling will cause a surplus of rent-controlled apartments and the rent-controlled apartments will be less well maintained than apartments without rent controls. The price ceiling will cause a shortage of rent-controlled apartments and the rent-controlled apartments will be better maintained than apartments without rent controls. The price ceiling will cause a shortage of rent-controlled apartments and the rent-controlled apartments will be less well maintained than apartments without rent controls. O The price ceiling will cause a surplus of rent-controlled apartments and the rent-controlled apartments will be better maintained than apartments without rent controls.
Mal kels alu Government: End of Chapter Problem 11. In cities around the country, the government provides assistance to families with low incomes to rent apartments at prices capped by the U.S. Department of Housing and Urban Development (HUD), essentially setting a price ceiling on apartments. The designated apartments tend to rent quickly, and tenants are less likely to move once they find an apartment. Assume the price ceiling is set below market equilibrium and no government subsidies are'offered to landlords. What are the most likely outcomes in terms of availability of rent-controlled apartments and ongoing maintenance of rent-controlled apartments? The price ceiling will cause a surplus of rent-controlled apartments and the rent-controlled apartments will be less well maintained than apartments without rent controls. The price ceiling will cause a shortage of rent-controlled apartments and the rent-controlled apartments will be better maintained than apartments without rent controls. The price ceiling will cause a shortage of rent-controlled apartments and the rent-controlled apartments will be less well maintained than apartments without rent controls. O The price ceiling will cause a surplus of rent-controlled apartments and the rent-controlled apartments will be better maintained than apartments without rent controls.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Transcribed Image Text:**Markets and Government: End of Chapter Problem**
**11.** In cities around the country, the government provides assistance to families with low incomes to rent apartments at prices capped by the U.S. Department of Housing and Urban Development (HUD), essentially setting a price ceiling on apartments. The designated apartments tend to rent quickly, and tenants are less likely to move once they find an apartment.
Assume the price ceiling is set below market equilibrium and no government subsidies are offered to landlords.
**Question:**
What are the most likely outcomes in terms of availability of rent-controlled apartments and ongoing maintenance of rent-controlled apartments?
- ○ The price ceiling will cause a surplus of rent-controlled apartments and the rent-controlled apartments will be less well maintained than apartments without rent controls.
- ○ The price ceiling will cause a shortage of rent-controlled apartments and the rent-controlled apartments will be better maintained than apartments without rent controls.
- ○ The price ceiling will cause a shortage of rent-controlled apartments and the rent-controlled apartments will be less well maintained than apartments without rent controls.
- ○ The price ceiling will cause a surplus of rent-controlled apartments and the rent-controlled apartments will be better maintained than apartments without rent controls.
![The image depicts a question on the topic of health care coverage and its external benefits. Below is the transcription suitable for an educational website:
---
**Topic: Markets and Government: End of Chapter Problem**
**Question 10:** Government and employer subsidies to reduce the price of health insurance have important benefits to the individual in terms of improved health. In addition, society overall can benefit from higher levels of health care coverage.
**Question:** Which of the following are external benefits that may result from increased health care coverage?
- [ ] Increased cost, as people live longer.
- [ ] Increased productivity for employers, as fewer sick days are taken by workers.
- [x] Less waiting for major treatments.
- [ ] Reduced usage of expensive emergency room visits.
*The selected option is marked as incorrect.*
---
The question is presented in a multiple-choice format, where four potential external benefits are listed. Only one option, "Less waiting for major treatments," has been selected by the user, but it is noted as incorrect. This setup encourages reflection on the societal impacts of health care coverage.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3698ed0-1e9b-4fc7-a8dd-097ec0a21bfe%2F42e4d7ff-7fdd-47a8-b82a-41dee7fbd719%2Fyuobt9m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The image depicts a question on the topic of health care coverage and its external benefits. Below is the transcription suitable for an educational website:
---
**Topic: Markets and Government: End of Chapter Problem**
**Question 10:** Government and employer subsidies to reduce the price of health insurance have important benefits to the individual in terms of improved health. In addition, society overall can benefit from higher levels of health care coverage.
**Question:** Which of the following are external benefits that may result from increased health care coverage?
- [ ] Increased cost, as people live longer.
- [ ] Increased productivity for employers, as fewer sick days are taken by workers.
- [x] Less waiting for major treatments.
- [ ] Reduced usage of expensive emergency room visits.
*The selected option is marked as incorrect.*
---
The question is presented in a multiple-choice format, where four potential external benefits are listed. Only one option, "Less waiting for major treatments," has been selected by the user, but it is noted as incorrect. This setup encourages reflection on the societal impacts of health care coverage.
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