The Presence of Price Controls in a Market Usually Is

question 188

Multiple Choice

The presence of price controls in a market usually is an indication that

• A) an insufficient quantity of a good or service was being produced in that market to meet the public's need.
• B) the usual forces of supply and demand were not able to establish an equilibrium price in that market.
• C) policymakers believed that the price that prevailed in that market in the absence of price controls was unfair to buyers or sellers.
• D) policymakers correctly believed that, in that market, price controls would generate no inequities of their own.

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Definitions:

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An involuntary blinking of the eyelids elicited by stimulation of the cornea or by other stimuli that protects the eye from foreign bodies and bright light.

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Glands located around the eye that produce tears, which are necessary for lubricating the eyes and providing protection against irritants.

Rectal Temperatures

Body temperature measurements taken from the rectum, which are considered to be very accurate for assessing a person's core body temperature.

Rectal Mucosa

The lining of the rectum, which is sensitive to damage, disease, and the absorption of medications.