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Describe a situation you have encountered in your personal life where you did not follow the law because you judged another alternative to be more ethical. Don't use the example in the text of driving on a two-lane divided roadway. Why did you decide to do that act?
Market Price
The current price at which an asset or service can be bought or sold, determined by supply and demand.
Black Market
An illegal trading environment where goods or services are exchanged outside of government-sanctioned channels.
Price Controls
Government-imposed limits on the prices charged for goods and services, typically to control inflation or to ensure affordability.
Rent Control
Government-set price ceiling on rent.
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