Because a Price Ceiling Causes

question 40

Multiple Choice

Because a price ceiling causes:

• A) a shortage, some form of rationing must occur.
• B) excess supply, some form of rationing must occur.
• C) a shortage, the outcome will be efficient.
• D) excess supply, the outcome will be inefficient.

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Definitions:

Employment Discrimination

Unfair treatment of employees based on race, gender, religion, national origin, physical or mental disability, age, sexual orientation, and other characteristics.

Underemployment

Underemployment refers to a situation where workers are employed in jobs that do not fully utilize their skills or expertise, or when they work fewer hours than they would prefer.

Production Possibilities Curve

A graphical representation in economics showing the maximum number of goods or services that can be produced within an economy given fixed resources and technology, illustrating the trade-offs of economic choice.

Pineapples

Edible tropical fruits with a rough, spiky exterior and sweet, juicy interior.