Economists Are Reluctant to State That Price Controls Are Desirable

question 33

Multiple Choice

Economists are reluctant to state that price controls are desirable or undesirable because

• A)it is impossible to evaluate the impact on quantity demanded and quantity supplied as a result of price controls.
• B)whether the gains from the winners exceed the losses from the losers is not strictly an economic question.
• C)sometimes price controls result in increases in economic efficiency and sometimes they result in decreases in economic efficiency.
• D)economists are reluctant to conduct positive analysis of price controls.

Comprehend the concept and processes involved in employee orientation and socialization.

Know the principles of effective onboarding and its impact on organizational stability and employee performance.

Understand knowledge management and the significance of setting training objectives.

Recognize learning principles and their application in designing and evaluating training programs.

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Definitions:

Levels of Analysis

In social science, psychology, and biology, refers to the different ways of looking at the same phenomenon, ranging from biological to individual to societal perspectives.

Cognitive Perspective

A psychological approach that focuses on how mental processes such as perception, memory, and problem-solving work and how they influence behavior.

Behavioral Perspective

An approach to psychology that focuses on observable behaviors and the ways in which they are learned.

Observable Responses

Measurable actions or reactions of an organism in response to external or internal stimuli.