Which of the Following Statements Are True About Price Controls

question 82

Multiple Choice

Which of the following statements are true about price controls used by some local governments?

• A) Price controls are imposed to increase market efficiency.
• B) Price controls seem to be a very effective way to reduce inequities.
• C) Price controls are put into place when it is thought that the market price is in some way unfair or inequitable.
• D) All of the above statements are true.

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Definitions:

Chapter 11

A provision under the U.S. Bankruptcy Code that allows for reorganization under the bankruptcy laws of the United States.

Reorganization Plan

A structured strategy to rearrange or restructure a company or its debts and assets in the face of financial instability, often under bankruptcy proceedings.

Creditors

Individuals or entities to whom money is owed by a debtor or borrower.

Automatic Stay

After bankruptcy has been filed, a moratorium during which creditors cannot bring or continue action against the debtor or his or her property.