Which Statement Is a Reason for Governments Imposing or Maintaining

question 54

Multiple Choice

Which statement is a reason for governments imposing or maintaining price controls?

• A)Some consumers and producers can benefit from price controls.
• B)Price controls prevent the deadweight loss that occurs when the market is in equilibrium.
• C)The government earns revenue from price controls.
• D)Price controls improve the efficiency of the market.

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Definitions:

Forgiveness

Accepting that circumstances cannot be changed and letting go of resentment and anger for another person’s actions or words.

Digital Divide

The gap between individuals, households, businesses, and geographic areas at different socio-economic levels with regard to their opportunities to access information and communication technologies.

Human Intuition

The ability to understand something immediately, without the need for conscious reasoning, often regarded as a gut feeling or instinct.

Divine Command Theory

A meta-ethical theory which proposes that an action's status as morally good is equivalent to whether it is commanded by God.