Governments Continue to Impose Price Controls

question 119

Essay

Governments continue to impose price controls.Which of the following is not a valid reason for this?
A.Some people do benefit from such price controls.
B.People fear that prices will change dramatically if the price controls were removed.
C.It is politically expedient to enact regulations that benefit influential voting groups.
D.Price controls are always effective.

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Definitions:

Natural Resources

Naturally occurring materials or commodities valuable to humans, such as water, minerals, and forests.

Plant Assets

Long-term tangible assets used in the operation of a business that are not intended for sale.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

Depletion

The allocation of the cost of wearing down or using up natural resources over the period they are extracted or consumed.