Most Economists Favor Price Controls as a Way of Allocating

question 62

True/False

Most economists favor price controls as a way of allocating resources.

---

Definitions:

Present Value

Today's worth of a future money sum or cash flow chain, considering a predetermined rate of return.

Usurious Interest

Exorbitantly high interest rates, often exceeding legal or ethically acceptable limits.

Unconscionable

Refers to actions or terms that are excessively unjust or unreasonable, often to a degree that they violate fairness or ethics.

Supply

The sum of a product or service that can be bought at a specific price.