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:

Urban Renewal

A program of land redevelopment in areas of moderate to high density urban land use, focusing on improving neighborhoods that are substandard, rundown, or otherwise underdeveloped.

Subsidize

To support financially, often through grants or contributions, to reduce the cost of a service, product, or activity for the end-user.

Growing Poverty

A situation where an increasing portion of the population lives below the poverty line, facing difficulties in meeting basic needs like food, shelter, and healthcare.

Increases in Divorce

A phenomenon observed in many societies where the number of legal dissolutions of marriages rises over a period of time.