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Governments regulated maximum rent levels are an example of what?
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Asked 5/16/2014 5:41:02 PM
Updated 5/17/2014 11:04:41 AM
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Flagged by debnjerry [5/17/2014 11:03:29 AM]
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User: Governments regulated maximum rent levels are an example of what?

Weegy: Governments regulated maximum rent levels are an example of price control,the appeal of price controls is understandable. [ Even though they fail to protect many consumers and hurt others, controls hold out the promise of protecting groups that are particularly hard-pressed to meet price increases. Thus, the prohibition against usury- charging high interest on loans- was intended to protect someone forced to borrow out of desperation; the maximum price for bread was supposed to protect the poor, who depended on bread to survive; and rent controls were supposed to protect those who were renting when the demand for apartments exceeded the supply, and landlords were preparing to "gouge" their tenants. ]
Expert answered|kc214|Points 12|

Question
Asked 5/16/2014 5:41:02 PM
Updated 5/17/2014 11:04:41 AM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by debnjerry [5/17/2014 11:03:29 AM]
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Governments regulated maximum rent levels are an example of PRICE CEILINGS.
Added 5/17/2014 11:04:41 AM
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Please don't copy and paste. Questions should be answered in your own words, as stated in the rules.
Added 5/17/2014 11:04:07 AM
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How is the marginal product of labor determined ?
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The marginal product of labor is determined by measuring the change in output for each new employee.

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