subject
English, 18.05.2021 02:50 Hruai

You have learned how the market functions with price controls. Now it is your turn to experience and assess a specific price control. First, you will play the role of a minimum wage earner who is looking for an apartment. Next, you will explore the impact of rent control on your personal income. Finally, you will give your opinion on the effectiveness and implementation of rent control. To complete the project, follow the steps below: Suppose you work in a job that pays the federal minimum wage, or $7.25 per hour. Calculate how much you would earn in a week if you worked forty hours a week. This is considered working full-time (Monday through Friday, eight hours per day). (Hint: Multiply the number of your work hours by the minimum wage.)

Next, figure out how much money you would earn in a month. (Hint: Multiply your weekly earnings by four.) Then calculate how much money you would earn in a year. (Hint: Multiply your monthly earnings by twelve.) Remember that these amounts are higher than what you would actually take home, because money (for taxes) is taken out of your pay in real life. But for this exercise, assume that you take home your full pay.

List four cities in the United States and find the average monthly costs of renting a one-bedroom apartment in each city.

To find rents for different cities, you might want to type "average rent for one bedroom apartment [insert city]" into your search engine.

Try to choose one city from each region in the United States: West Coast, Midwest, South, and East Coast. For example, you might choose Portland, Chicago, Houston, and New York.

Assume that your only personal income comes from your wages.
Which cities are too expensive for you to be able to rent an apartment?
In which cities can you afford to rent an apartment?
In the cities where you can afford to live, how much personal income will you have left over each month after you pay your rent? This is the amount of money that you have for all other expenses, including heat, food, clothing, transportation, furniture, and entertainment.
Imagine that a rent control of $600 a month is imposed for some of the apartments in the city where you choose to live. In 1 or 2 sentences, describe how this would increase your monthly personal income. Now suppose the rent control has also caused a housing shortage, and you cannot find an apartment to live in for $600. In 1 or 2 sentences, explain how this would affect your living conditions.

Finally, in one paragraph of four to five sentences, explain your view on the effectiveness of rent control and whether you think it should be used. Include your opinion on the effects of rent control on:
affordable housing;
economic efficiency;
amount of available apartments; and
quality of apartments.

ansver
Answers: 1

Another question on English

question
English, 21.06.2019 23:20
Plz me asap select the correct text in the passage. which two sentences in the passage introduce counterarguments to the speaker’s position in favor of recycling? we only have a limited number of resources to serve humans around the globe. by recycling and reusing the resources we have, we can preserve what untouched natural resources we have while extending the life of the resources we’re currently using. admittedly, we cannot reuse or recycle all of the materials we use in our daily lives.some materials are not recyclable, such as certain food containers.others items are not biodegradable regardless of what we reuse them for, and that can create problems in the long run. my opponent would use these limitations of our ability to recycle to counter my points about the materials we can recycle.however, this is not an “all or nothing” scenario.we should reuse and recycle the materials that we can and try our best not to buy materials and products that can’t be reused or recycled.by doing our part and encouraging others to do their part, we can increase our chances of conserving our remaining natural and manmade resources over time.
Answers: 2
question
English, 22.06.2019 01:00
Read the excerpt from act 1 of a doll's house. helmer: nora! [goes up to her and takes her playfully by the ear.] the same little featherhead! suppose, now, that i borrowed fifty pounds today, and you spent it all in the christmas week, and then on new year's eve a slate fell on my head and killed me, and— nora: [putting her hands over his mouth]. oh! don't say such horrid things. helmer: still, suppose that happened, —what then? nora: if that were to happen, i don't suppose i should care whether i owed money or not. helmer: yes, but what about the people who had lent it? nora: they? who would bother about them? i should not know who they were. helmer: that is like a woman! but seriously, nora, you know what i think about that. no debt, no borrowing. there can be no freedom or beauty about a home life that depends on borrowing and debt. we two have kept bravely on the straight road so far, and we will go on the same way for the short time longer that there need be any struggle. nora: [moving towards the stove]. as you , torvald. how does the interaction between helmer and nora advance the plot? nora realizes that helmer will completely disapprove of her having borrowed money, so she has to continue to keep it a secret from him. nora realizes that she and helmer have the same ideas about financial issues, and the conversation brings them closer together later in the play. helmer realizes that nora is more responsible with money than he originally thought, and he trusts her more with finances later in the play. nora realizes that helmer knows a lot more about borrowing and lending, and she will seek his input later when she needs it.
Answers: 1
question
English, 22.06.2019 01:00
This passage from chapter 4 of story of my life is an example of which story of plot
Answers: 1
question
English, 22.06.2019 04:40
In a midsummer night dream, the mention of is an allusion to earlier english poetry
Answers: 2
You know the right answer?
You have learned how the market functions with price controls. Now it is your turn to experience and...
Questions
question
Engineering, 06.03.2020 21:50
question
Chemistry, 06.03.2020 21:50
Questions on the website: 13722361