The Main Reason Policymakers Use Price Controls Is Because

question 71

Multiple Choice

The main reason policymakers use price controls is because:

• A)they are better at coordinating economic activity than the free market
• B)they believe that in some cases the market outcome is not fair
• C)they need a reason to justify their jobs
• D)all of the above is true

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Definitions:

Terminal Ganglia

Clusters of nerve cell bodies located near or within the organs they innervate, typically in the peripheral nervous system.

Parasympathetic System

Part of the autonomic nervous system responsible for conserving energy and slowing down the body's response.

Normal Body Functions

The physiological processes and activities carried out by living organisms to maintain life.

Localized Effect

An effect limited to a specific area, region, or part of the body, not spreading from its origin.