What Are the Major Problems That Will Tend to Arise

question 12

Multiple Choice

What are the major problems that will tend to arise if there are legal limits on the movement of prices?

• A)Favoritism and corruption of officials and market participants
• B)Unenforceability of laws and higher costs of transactions
• C)Increasing restrictions to enforce the laws
• D)Misallocation of resources as prices no longer correspond to costs
• E)All of these responses are correct.

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Definitions:

Short Form Truth Table

A method of using truth tables that focuses only on the relevant combinations of truth values that could affect the outcome.

Atomic Sentences

Simple statements that contain no logical connectives or quantifiers, representing the most basic elements of logic.

Truth Values

The classification of propositions or statements according to their truthfulness, typically as true or false.

Short Form Truth Table

A simplified method for determining the validity of logical statements, showing only essential combinations of truth values.