【acca F1考试题】2019年4月12日acca每日一练(5-6)
【acca选择题】
5. Suppose that, in a certain advanced industrialised country, the government has applied price controls over rents of both public and private rented accommodation for a number of years, and a serious problem of widespread homelessness has built up. Just recently, the rent price controls have been eased. Which of the following consequences should now occur?
1 An increase in homelessness
2 In the longer term, an increase in new building work
3 The provision of more rented accommodation
4 Fewer owner-occupied dwellings
A Consequences 1 and 2
B Consequences 2 and 3
C Consequences 3 and 4
D Consequences 1 and 4
(2 marks)
6. The demand curve for a resource may shift because of
A A change in the demand for a good whose production is dependent on the resource
B Concerns about potential harmful pollution from the resource
C A change in the price of a substitute resource
D All of the above
(2 marks)
5. B
Rationale: When rent controls are eased, the effect is similar to raising or removing minimum prices in the rented housing market. We should expect higher rents, more supply of housing, and a closing of the gap between demand for rented housing and supply of rented accommodation. Changes 2 and 3 should therefore occur. The reverse of Change 1 should happen, and homelessness should decrease. Given widespread homelessness, it is unlikely that the easing of rent controls will have any effect on demand for owner-occupied dwellings.
6. D
Rationale: All of the above.
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