The Stricter the Enforcement of a Price Ceiling, the

question 235

Multiple Choice

The stricter the enforcement of a price ceiling, the

• A) smaller is the difference between the black market price and the legal market price of the good.
• B) larger is the difference between the black market price and the legal market price of the good.
• C) greater is the amount of the good available in total, from either the legal market or the black market.
• D) Both answers B and C are correct.

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Definitions:

Situational Attribution

involves attributing a person's behavior to external or environmental factors, rather than to internal personality traits.

Internal Attribution

The process of attributing the cause of one's own or another's behavior to personal factors or characteristics.

Dispositional Attribution

The tendency to attribute someone's behavior to their internal qualities or personality rather than to situational factors.

Collectivistic Remark

A statement or observation that emphasizes the importance of groups or communities over individuals.