A Government Currently Uses Price Controls to Hold Down the Price

question 84

Multiple Choice

A government currently uses price controls to hold down the price of zinc, an exhaustible resource.If price controls are removed,

• A)production of zinc will probably fall.
• B)zinc mines with high marginal cost of production will probably stop producing.
• C)consumers of zinc will probably want substitutes for zinc.
• D)income will probably be redistributed from zinc producers to zinc consumers.

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Definitions:

Mental Disorders

Health conditions characterized by alterations in thinking, mood, or behavior associated with distress and/or impaired functioning.

Humanist

A philosophical stance that emphasizes the value and agency of human beings, individually and collectively, often prioritizing human welfare, values, and dignity.

Antipsychotics

A class of medication primarily used to manage psychosis, including disorders such as schizophrenia and bipolar disorder, by affecting neurotransmitter levels in the brain.

Aggressive Outbursts

Sudden expressions of intense anger or violence, often as a response to frustration or stress.