Which of the Following Is Not a Result of Government

question 72

Multiple Choice

Which of the following is not a result of government price controls?

• A)Some people win and some people lose.
• B)Price controls benefit poor consumers but harm producers and wealthy consumers.
• C)Price controls decrease economic efficiency.
• D)A deadweight loss will occur.

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Definitions:

Truth-in-Lending Law

A law at the federal level in the U.S. that aims to encourage the knowledgeable use of consumer credit through mandates on disclosures regarding its terms and expenses.

Credit Offers

Proposals extended by lenders to potential borrowers detailing the terms under which credit can be extended.

Uniform Law

Legislation instituted across various jurisdictions, aiming to harmonize legal principles on specific issues.

Consent Decree

A legal agreement that resolves a dispute between two parties without admission of guilt (but with the court still having jurisdiction).