Which of the Following Statements Are True About Price Controls

question 82

Multiple Choice

Which of the following statements are true about price controls used by some local governments?

• A) Price controls are imposed to increase market efficiency.
• B) Price controls seem to be a very effective way to reduce inequities.
• C) Price controls are put into place when it is thought that the market price is in some way unfair or inequitable.
• D) All of the above statements are true.

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Definitions:

Northeastern Korea

A region in Korea known for its distinct cultural and historical heritage, as well as its natural beauty, including mountains and landscapes unique to the area.

Yang

In Chinese cosmology, the principle of active masculine energy, which permeates the universe in varying proportions with yin, the principle of passive feminine energy.

Active Masculine Energy

A concept generally referring to qualities associated with traditional masculinity, such as strength, assertiveness, and leadership.

Dragon

A mythical creature represented in various cultures worldwide, typically depicted as a large, serpentine creature with formidable powers.