Confucius (551–479 B.C.E.) was one of several intellectuals who started questioning the meaning of life, and the role of the gods and the spirits. During the Warring States Period, Confucius developed a system of ethics and politics that stressed five virtues: charity, justice, propriety, wisdom, and loyalty. His teachings were recorded by his followers in a book called <span>Analects, </span><span>and formed the </span>code of ethics<span> called </span>Confucianism<span> that has been the </span>cornerstone<span> of Chinese thought for many centuries.</span><span>
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Many states in the northeast are located along the coast of the Atlantic Ocean. Being along the coast influences the climate and resources of the Northeast.
Answer:
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:
<u>Rent control is a mechanism that controls the limits on which housing is done or given out</u>. This allows a<u> fixed limit </u>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.
<u>One advantage</u> of this rent control is that it <u>limits the landowners to charge excessively for a certain house</u>. It provides a safety net for those looking for a house to rent and <u>provides a space for all types of people to reside together instead of being solely occupied by only the rich</u>. 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 <u>decreases the maintenance of the housing complex as house-owners cannot increase the rent to provide such maintenance efforts. </u>
Answer:
declined; harder
Explanation:
Before the Real-Estate bubble exploded, The banks made it extremely easy for people to borrow money to buy real estates. This make people make a lot of loans to buy properties thinking that the value of the properties will eventually increased and they can pay back their loans.
When the bubble exploded, the value of the properties that they hold massively declined. Following this, furniture, appliances, and home improvements which considered as <em><u>complimentary products </u></em>For other properties also declined.
Now the consumers trapped in huge loans without having any assets to make back it up. Making it extremely hard for them to borrow another money since their chance of paying them back was extremely low.