Which of the Following Statements Is True

question 242

Multiple Choice

Which of the following statements is true?

• A) Price controls strengthen the functioning of the invisible hand.
• B) Price controls weaken the functioning of the invisible hand.
• C) Price controls always benefit buyers and make sellers worse off.
• D) Price controls always benefit sellers and make buyers worse off.

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Definitions:

OB

Also known as Organizational Behavior, it is the study of how people interact within groups in a work environment.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, characterized by logical thinking, questioning assumptions, and assessing evidence.

Human Capital

The knowledge, skill sets, and abilities that employees bring to the workplace, viewed as an asset to the organization.

Value

The importance or worth of something, often used in the context of the benefits or usefulness it holds.