A Government Currently Uses Price Controls to Hold Down the Price

question 84

Multiple Choice

A government currently uses price controls to hold down the price of zinc, an exhaustible resource.If price controls are removed,

• A)production of zinc will probably fall.
• B)zinc mines with high marginal cost of production will probably stop producing.
• C)consumers of zinc will probably want substitutes for zinc.
• D)income will probably be redistributed from zinc producers to zinc consumers.

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Definitions:

Bone Maturation

The process of growth and development of bones to their adult size and strength.

Adult Height

The final height an individual achieves after the completion of growth, influenced by genetics, nutrition, and health during development.

Menarche

The onset of menstruation in a female, marking the beginning of reproductive capability, usually occurring in early adolescence.

Growth Spurt

A rapid increase in height and weight that typically occurs during puberty due to hormonal changes.