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?

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?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 13P

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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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