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.

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Definitions:

Gut-Level Communication

Gut-level communication refers to an authentic and open exchange of feelings and thoughts, enabling genuine understanding and connection between individuals.

Self-Disclosure

The practice of willingly sharing personal, private, or sensitive information about oneself with others.

Fear

An emotional response to perceived threats or danger, often leading to avoidance, precautionary actions, or a fight-or-flight response.

Self-Disclosure

Self-disclosure is the act of sharing personal, private information about oneself to others, which can foster deeper interpersonal relationships.