Which of the Following Is Not a Result of Binding

question 200

Multiple Choice

Which of the following is not a result of binding 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.

---

Definitions:

Theory of Mind

The capacity to recognize and understand one's own and others' mental states, such as beliefs, intentions, desires, and emotions, realizing that others may have perspectives and thoughts distinct from our own.

Capacity for Abstract Reasoning

The capacity to contemplate concepts, principles, and entities that are not tangible or visible.

Negligent

Failing to take proper care in doing something, often resulting in damage or injury to others.

Authoritarian

Characterized by or favoring strict obedience to authority, especially that of the government, often at the expense of personal freedom.