In at least four sentences, explain if rent control is a price floor or price ceiling. Then explain one advantage and one disadvantage of rent control.

Rent control is the rent ceiling as it is the limit within which a house owner may charge a tenant for a certain house.

One advantage is that it provides a space for diversity instead of being occupied solely by the rich. On the other hand, it also reduces the maintenance effort of the landowner for it cannot recoup the maintenance fees with a rise in rent, as he is under the obligation of this rent control.

Explanation:

Rent control is a mechanism that controls the limits on which housing is done or given out. This allows a fixed limit that controls the prices of renting a place, to ensure there are no shortage of housing for the common people.

This phenomena of rent control is price ceiling as it sets a limit to which a landowner may charge for the place. It cannot be price floor for any house-owner can make the price as low as he wants it to be but rent control rather controls or sets the limit within which any housing is allowed or given out, so as not to unnecessarily or excessively put a burden on someone.

One advantage of this rent control is that it limits the landowners to charge excessively for a certain house. It provides a safety net for those looking for a house to rent and provides a space for all types of people to reside together instead of being solely occupied by only the rich. It became beneficial for those who could only afford a certain amount of money for housing.

On the other hand, this control of rent or rent ceiling is that it lowers or decreases the maintenance of the housing complex as house-owners cannot increase the rent to provide such maintenance efforts.  

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.

what organizations did you select