Which of the Following Is a Result of Government Price

question 5

Multiple Choice

Which of the following is a result of government price controls?

• A)Some people win and some people lose.
• B)Price controls benefit poor consumers but harm producers and wealthy consumers.
• C)Price controls increase economic efficiency.
• D)The deadweight loss from price ceilings is greater than the deadweight loss from price floors.

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Definitions:

Genevieve Lloyd

A philosopher known for her work in feminist philosophy, and particularly for her analysis on the philosophy of time and gender.

Descartes

A French philosopher, scientist, and mathematician, known as the father of modern philosophy, who famously declared, "I think, therefore I am."

Plato

An ancient Greek philosopher who founded the Academy in Athens and is a pivotal figure in the development of Western philosophy, especially in terms of metaphysics, epistemology, and ethics.

Rousseau

Jean-Jacques Rousseau, an 18th-century philosopher known for his influence on the Enlightenment in France and across Europe.