Examlex
Which of the following statements a) , b) or c) is false?
Price Ceiling
A legal maximum price set by the government for certain goods or services, intended to prevent prices from becoming too high.
Tariff
A tax imposed by a government on imported or, less commonly, exported goods to protect domestic industries or to generate revenue.
Quantity Control
Measures implemented to regulate the amount of a particular good that is produced, sold, or consumed, often to stabilize markets.
Deadweight Loss
A reduction in economic effectiveness arising when a good or service does not reach or cannot reach its equilibrium state.
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