Question

select the correct answer.
which term is defined as the government setting the maximum amount that a property owner can charge a tenant?
a. fiscal policy
b. price floor
c. rent control
d. rent floor

Explanation:

• Option A: Fiscal policy involves government spending and taxation, not rent limits.
• Option B: A price floor is a minimum price set by the government, not a maximum for rent.
• Option C: Rent control is the government setting a maximum rent (price ceiling for rent) a property owner can charge tenants.
• Option D: "Rent floor" is not a standard term; price floors are minimums, and this term is incorrect here.

Answer:

C. rent control