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:

Unfavourable Attitudes

Negative perceptions or feelings towards a person, group, or concept, which can influence behavior and judgement.

Derogatory Comments

Negative or critical remarks about someone, often insulting or demeaning in nature.

Prejudice

A preconceived opinion that is not based on reason or actual experience; often directed against people or ideas.

Engineering Students

Individuals enrolled in an engineering program at a higher education institution, focusing on the study of applied sciences and technology.