An Epidemic Affects _____,Whereas a Pandemic Affects _____

question 3

Multiple Choice

An epidemic affects _____,whereas a pandemic affects _____.

• A)susceptible individuals; immune individuals
• B)immune individuals; susceptible individuals
• C)global populations; local populations
• D)local populations; global populations.

Differentiate between binding and nonbinding price controls and their implications.

Recognize the consequences of price ceilings, such as shortages, rationing mechanisms, and market inefficiencies.

Understand how price acts as a rationing mechanism in free markets and the efficiency of this process.

Examine the unintended effects of economic policies, including price controls.