The mayor of NYC convinced the Rent Guidelines Board to approve a rent freeze.Landlords complained,but could not change it.This is an example of the
A) relationship of the employee to the environment.
B) relationship of the employee to the firm.
C) relationship of the firm to the employee.
D) relationship of the firm to other economic agents.
E) relationship of the firm to its competitors.

Question

Quizplus · Accepted Answer

This situation involves the relationship of the firm (landlords) to other economic agents (in this case, the Rent Guidelines Board and the mayor of NYC). The decision made by the board and mayor had an impact on the operations and profits of the landlords, but they did not have the power to change the decision.

The Mayor of NYC Convinced the Rent Guidelines Board to Approve