Unlike in other countries, the NSW Government has a 'minimum living standard', and does not allow builders to sell new apartments that are less than 35 square metres for a studio and 50 square metres for a one-bedroom. Is this a good policy?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter13: Positive Externalities And Public Goods
Section: Chapter Questions
Problem 4SCQ: The Junkbuyers Company travels from home to home, looking for opportunities to buy items that would...
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P1
Economics
Unlike in other countries, the NSW Government
has a 'minimum living standard', and does not
allow builders to sell new apartments that are
less than 35 square metres for a studio and 50
square metres for a one-bedroom. Is this a good
policy?
Transcribed Image Text:Economics Unlike in other countries, the NSW Government has a 'minimum living standard', and does not allow builders to sell new apartments that are less than 35 square metres for a studio and 50 square metres for a one-bedroom. Is this a good policy?
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