Price Controls Cause Resources to Be ________ Not Just Geographically

question 116

Multiple Choice

Price controls cause resources to be ________ not just geographically, but also across different ________ of those resources.

• A) overutilized; types
• B) properly allocated; demands
• C) cheaper; uses
• D) misallocated; uses

---

Definitions:

Planning Horizon

The time period over which an individual, organization, or government plans for and anticipates future events and activities.

Elasticity

Percentage change in one variable resulting from a 1-percent increase in another.

Federal Government

The national government of a federation, which typically has distinct powers delegated to it by the constitution, separate from those of member states or provinces.

Legislative Branch

The branch of government responsible for creating and passing laws, in the United States, it is composed of the House of Representatives and the Senate.