Quotas Are More Effective Than Price Controls Because,unlike Price Controls,quotas

question 49

True/False

Quotas are more effective than price controls because,unlike price controls,quotas do not cause deadweight loss.

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Definitions:

Predictable

Having an expected outcome that can be foreseen or anticipated based on certain patterns or previous experiences.

Happens By Chance

Events or occurrences that take place without predictability or planned intention.

Predestined

Determined in advance by destiny or divine will, leading to the belief that events are fixed and unchangeable.

Stoics

Followers of Stoicism, an ancient Greek school of philosophy that teaches the development of self-control and fortitude as a means of overcoming destructive emotions.