With Respect to Some Commodity, X, If Government Objectives Are

question 96

Multiple Choice

With respect to some commodity, X, if government objectives are to (1) restrict production and (2) keep prices down to protect consumers, then legislated price ceilings will

• A) be a dismal failure as neither goal can ever be achieved with price ceilings.
• B) satisfy both goals as long as a black market does not develop.
• C) only have an effect on commodities at the international level.
• D) satisfy only the second goal if a black market develops.
• E) satisfy both goals but only if a black market develops.

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Definitions:

Negative Emotion

Feelings or emotions that are unpleasant or undesirable, such as sadness, anger, fear, or jealousy.

Subjective Experiences

Personal, individual perceptions or feelings that may not be observable or measurable by others.

Future Focused

Pertains to an orientation or mindset that emphasizes the importance of goals, plans, and actions concerning future outcomes and successes.

Flow

A mental state of being fully immersed and engaged in an activity, often resulting in a loss of a sense of time and self.