Those Who Make Economic Policy Concerning Price Controls Often Do

question 108

Multiple Choice

Those who make economic policy concerning price controls often do so in order to:

• A)establish a more equitable result based on normative judgements.
• B)raise revenues to support the activities of government.
• C)change the facts on which economic theory is built.
• D)do all of the above.

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Definitions:

Nondurable Good

Products that are consumed or are only usable for a short period of time, such as food, paper products, and fuel.

CarPlay

An Apple standard that enables a car radio or head unit to be a display and a controller for an iOS device.

Car Manufacturers

Companies engaged in the design, production, marketing, and selling of motor vehicles.

Tangible Attributes

The physical and measurable characteristics of a product, such as size, color, weight, and texture.