Title: Government Intervention and Housing Market Dynamics

answer length 1.5 paragraphs  for each question. 
1) Discuss three (3) different ways the government can interact indirectly in the housing market.
What effect would these actions have on the housing market?
2) A geography professor makes the following claim about urban sprawl: “Urban sprawl is caused
solely by governments that fail to prevent distant and wasteful development.” Based on what you
have learned in class, do you agree or disagree with this statement? Explain your answer. 
3) How can rent control lead to a misallocation of housing? 
4) What does it mean to call housing a composite good? How does this relate back to housing
demand? 
5) Explain the concept of equilibrium in the context of urban/regional economics. What do we mean
when we say a city or region is an equilibrium?