Instructions: Identify the Terms and Briefly State Their Historical Significance

question 127

Essay

Instructions: Identify the terms and briefly state their historical significance..
Strait of Sunda and Strait of Malacca

---

Definitions:

Black Market

An illegal trading environment where goods or services are exchanged outside of government-sanctioned channels.

Price Controls

Government-imposed limits on the prices charged for goods and services, typically to control inflation or to ensure affordability.

Rent Control

Government-set price ceiling on rent.

Usury Law

Legislation regulating the maximum interest rate that can be charged on a loan, to protect consumers from excessively high rates.