When a Price Ceiling Such as a Rent Control Is

question 65

Multiple Choice

When a price ceiling such as a rent control is substituted for market allocation:

• A)it is not possible to tell if the goods get allocated optimally.
• B)the goods get allocated to consumers who most desire them.
• C)the goods get allocated to the poor.
• D)the goods get allocated to consumers who least desire them.

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Definitions:

North Equatorial Current

The North Equatorial Current is a significant westward-flowing ocean current found in the Atlantic, Indian, and Pacific Oceans, positioned approximately at the latitude of the northern equator.

Cold Currents

Ocean currents that originate in polar regions and move towards the equator, affecting the climate and marine life of the areas they flow through.

Warm Front

The sloping boundary between an advancing warm air mass and a cooler air mass.

Gulf Stream

A powerful, warm ocean current that flows from the Gulf of Mexico along the eastern coast of the United States and across the Atlantic Ocean.