What Are the Major Problems That Will Tend to Arise

question 214

Multiple Choice

What are the major problems that will tend to arise if there are legal limits on the movement of prices?

• A)favoritism and corruption of officials and market participants 
• B)unenforceability of laws and higher costs of transactions 
• C)increasing restrictions to enforce the laws 
• D)misallocation of resources as prices no longer correspond to costs 
• E)All of the above are correct.

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Definitions:

Workforce Diversity

Workers’ differences in terms of gender, race, age, ethnicity, religion, sexual orientation, and able-bodiedness.

Glass Ceiling

An invisible barrier that prevents certain groups, often women and minorities, from advancing beyond a certain level in a hierarchy.

Ethnocentrism

The belief in the intrinsic superiority of one's own ethnic group or culture, often accompanied by feelings of dislike for other groups.

Leaking Pipeline

A metaphor for the continuous loss of individuals from a particular career path or educational trajectory, often used in discussions of diversity and inclusion.